1118 Peachtree Street, Unit 14
1118 Peachtree Street, Unit 14
Sold 6/18/21
Sold 6/18/21
Description
New 5 year old metal roof, good long term tenants, sidewalks, municipal electric, water and sewer. Rent study shows rents should be at $750-$800 but we are selling at this price because the rents are currently at $600-$650. Income $2,450. Water/Trash bill is $260 a month. Taxes are-$2805. Insurance $1800. Around $643 in expenses monthly. Very simple property. Income...Great Quadraplex - $2,450 a month income. All units rented on 12 month leases. Owner pays water/trash $260/Mo, Separate electric meters
New 5 year old metal roof, good long term tenants, sidewalks, municipal electric, water and sewer. Rent study shows rents should be at $750-$800 but we are selling at this price because the rents are currently at $600-$650. Income $2,450. Water/Trash bill is $260 a month. Taxes are-$2805. Insurance $1800. Around $643 in expenses monthly. Very simple property. Income minus tax, Insurance, water. That is all of the expenses. One unit has recently been updated. Two other units have been repainted and flooring changed. I do not have additional photo's, you can walk the property and inspect in due Dilligence. Great location with a community garden next door. Child care center two properties over. Sams Club, Merritt Square Mall, Home Depot all within 1/4 mile. Ulamay Wildlife Sanctuary, Cocoa Beach, Pine Park & Provost Park nearby. All room sizes and numbers are from the property appraisers office or estimated - each buyer should quantify and inspect for themselves to verify. Drive by but do not disturb tenants. No seller finance
Cash/convientional Financing welcome as usual
Looking for a 1% in Florida? 8.7 Cap Rate Great Quadraplex - $2,450 a month income, Expenses $660 a month including water, tax & Insurance.? Owner pays water/trash of $260 a month.? The This property is well under rented.? Area rents are $850 and up but we are selling for what brings in now.? $2,450 x 100 = $245,000 but we are firm.? Income $29,400
Expenses - $7,920
NOI - $21,480
25% Down - $61,250
Cash on Cash return 16%
- Listed by Alex P Williams, Sr • DALTON WADE INC
Property Details for 1118 Peachtree Street, Unit 14
Location
Sold By WESTIN REALTY GROUP, Michael Mullvain
Property Details for 1118 Peachtree Street, Unit 14
| Status | Sold |
|---|---|
| MLS # | U8109941 |
| Days on Market | 81 |
| Taxes | $2,805 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Quadruplex |
| Year Built | 1962 |
| Lot Size | 0.17 AC / 7,405 SF |
| County | Brevard County |
Location
Sold By WESTIN REALTY GROUP, Michael Mullvain
Building Information for 1118 Peachtree Street, Unit 14
Payment Calculator
$1,544 per month
30 year fixed, 7.25% Interest
$1,310
$234
$0
Property Information for 1118 Peachtree Street, Unit 14
- Building Area Source: Public Records
- Building Area Total: 1992.0
- Building Area Units: Square Feet
- Directions: Heading South on US 1 Turn West - turn right on S Fiske Blvd and left on Peachier - property is on the right
- FCHRURLYN: false
- Mls Major Change Type: Sold
- Major Change Type: Closed
- Listing Service: Full Service
- Senior Community: No
- Unit Number: No
- Street Number: 1118
- Street Name: PEACHTREE
- Street Suffix: STREET
- Unit Number: 1-4
- State: FL
- City: COCOA
- Carport: No
- Garage: No
- Parking Features: Assigned
- Association Fee Requirement: None
- Association: No
- CDD: No
- Tax Block: G
- Tax Book Number: 9-36
- Tax Legal Description: COCOA ANNEX REPLAT NO 2 LOT 19 BLK G
- Tax Lot: 19
- Tax Year: 2020
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/stellar/U8109941
- Additional Parcels: No
- Lot Features: In City Limits, Near Public Transit
- Parcel Number: 24-36-32-02-0000G.0-0019.00
- Total Acreage: 0 to less than 1/4
- Total Num Buildings: 1
- Water Access: No
- Water Extras: No
- Zoning: RU215
- Living Area: 1992
- Year Built Numeric: 1962
- Flood Zone Code: X
- Flood Zone Date: 03-17-2014
- Flood Zone Panel: 12009C0430G
- Homestead: No
- New Construction: No
- Property Attached: No
- Property Condition: Completed
- Public Survey Range: 36
- Public Survey Section: 32
- Sewer: Public Sewer
- Utilities: Cable Connected, Electricity Connected, Other, Public, Sewer Connected, Water Connected
- Water Source: Public
- Construction Materials: Block
- Exterior Features: Fenced
- Foundation Details: Slab
- Levels: One
- Pool Private: No
- Pool: None
- Pool Private: No
- Roof: Shingle
- Waterfront Feet Total: 0
- Appliances: Electric Water Heater, Freezer, Ice Maker, Range, Refrigerator
- Cooling: Wall/Window Unit(s)
- Fireplace: No
- Heating: Wall Units / Window Unit
- Interior Features: Ceiling Fans(s)
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Water View: No
- Annual Expenses: $7,920
- Annual Net Income: $21,505.00
- Gross Income: $29,400
- Total Monthly Expenses: $660
- Unit Count: 4
- Unit Type Garage Attached 1: No
- Unit Type Heated Sq Ft 1: 500
- Unit Type Number Of Units Occupied 1: 1
- Unit Type Pro Forma 1: 650
- Unit Type Type 1: 1 Bed/1 Bath
- Unit Type Units Total 1: 1
- Unit Type Garage Attached 2: No
- Unit Type Heated Sq Ft 2: 500
- Unit Type Number Of Units Occupied 2: 1
- Unit Type Pro Forma 2: 650
- Unit Type Type 2: 1 Bed/1 Bath
- Unit Type Units Total 2: 1
- Unit Type Garage Attached 3: No
- Unit Type Heated Sq Ft 3: 500
- Unit Type Number Of Units Occupied 3: 1
- Unit Type Pro Forma 3: 650
- Unit Type Type 3: 1 Bed/1 Bath
- Unit Type Units Total 3: 1
- Unit Type Garage Attached 4: No
- Unit Type Heated Sq Ft 4: 500
- Unit Type Number Of Units Occupied 4: 1
- Unit Type Pro Forma 4: 650
- Unit Type Type 4: 1 Bed/1 Bath
- Unit Type Units Total 4: 1
- Tenant Pays: Electricity
- Total Actual Rent: $2,450
Property History for 1118 Peachtree Street, Unit 14
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1118 Peachtree Street, Unit 14
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | PK to 12 | |||
| Charter - | K to 8 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Endeavour Elementary Magnet PublicPK to 6 | ||
Cocoa High School PublicPK to 12 | ||
Emma Jewel Charter Academy CharterK to 8 | ||
Brevard Virtual Franchise PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of DALTON WADE INC, Alex P Williams, Sr
The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 06/18/2021 03:37 PM
