1029 -1031 Park Drive, Indian Harbour Beach, FL 32937

$3,025,000
Property Type: Residential Income Square Footage: 26,476 Lot Size (sq. ft.): 50,965 Status: Closed
Current Price: $3,025,000 List Date: 7/20/2018 Last Modified: 10/23/2024

Overview

Description

RARE FIND!! 100% OCCUPANCY 32 Unit RENOVATED Concrete Block Apartment Complexes (1029-1031) w/gated POOL,Outside Shower,Onsite Laundry,Restroom,Barbecue/Patio Area & Manager Office. 1Block to the Atlantic Ocean(Public BEACH Access). 1.17 Acre Parcel. 2Bed 1Bath Units (2 layout styles). NEW Windows, Doors, Electrical, Appliances,All Tile Flooring... Huge List. Sold AS-IS Right to Inspect.

Listing Details MLS# 819624

General Property Information

Number Of Units Total
32
Living Area
26140
Living Area Source
Public Records
Building Area Total
26476
Year Built
1964
Garage YN
No
Carport YN
No
Parking Total
41
Lot Size Acres
1.17
Lot Size Square Feet
50965
Lot Size Dimensions
375x140
Association YN
No
Property Use
C
Use Code
03
Water Body Access YN
No
Waterfront YN
No
Pool Private YN
Yes
List Price/SqFt
126.24
Sold Price/SqFt
115.72
Garage Spaces
0
Carport Spaces
0
Open Parking Spaces
0
Water Frontage Feet
0

Property Features

Appliances: Electric Range; Microwave; Refrigerator Association Amenities: Management - Live In; Management - On Site Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric Financial Data Source: Owner Flooring: Tile Levels: Two Listing Terms: Cash; Conventional Owner Pays: Electricity; Grounds Care; Insurance; Management; Pool Maintenance; Repairs; Sewer; Taxes; Trash Collection; Water Parking Features: Other Pool Features: In Ground; Other Possession: Close Of Escrow Road Surface Type: Paved Roof: Shingle Special Listing Conditions: Standard Utilities: Electricity Available; Separate Electric Meters; Sewer Connected; Water Available Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; No Sign

Contract Information

Original List Price
3299900
Listing Contract Date
2018-07-18
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
1029 -1031
Street Name
Park
Street Suffix
Drive
County
Brevard
State
FL
Postal Code
32937
MLS Area Major
382-Satellite Bch/Indian Harbour Bch
Subdivision Name
Seminole Heights

Remarks and Miscellaneous

Public Remarks
RARE FIND!! 100% OCCUPANCY 32 Unit RENOVATED Concrete Block Apartment Complexes (1029-1031) w/gated POOL,Outside Shower,Onsite Laundry,Restroom,Barbecue/Patio Area & Manager Office. 1Block to the Atlantic Ocean(Public BEACH Access). 1.17 Acre Parcel. 2Bed 1Bath Units (2 layout styles). NEW Windows, Doors, Electrical, Appliances,All Tile Flooring... Huge List. Sold AS-IS Right to Inspect.

Status Change Information

Major Change Timestamp
2018-08-25T14:36:50Z
Major Change Type
Status Change
Status Change Timestamp
2018-08-25
Purchase Contract Date
2018-08-02
Close Date
2018-08-24
Close Price
3025000

More Information

Closing Company Details

Closing Company Name
Alliance Title of Treasure Coast
Closing Company Address
725 Commerce Center Dr Suite A, Sebastian FL 32958

Income and Expenses

Gross Income
7200
Gross Scheduled Income
351240
Net Operating Income
236885
Operating Expense
121555

Historical Information

Public Historical Remarks 3
Contact: List Agent, Zoning: Multi 10+, Expenses Include-License Permits: Y

Location, Tax, and Legal

Tax Account
2714479
Parcel Number
27-37-12-26-00000.0-0021.00
General County Location
South
Elementary School
Ocean Breeze
Middle School
Hoover
High School
Satellite
Tax Annual Amount
25682
Tax Year
2017
Tax Legal Description
SEMINOLE HEIGHTS LOTS 21 THRU 25
Directions
A1A North of the Eau Gallie Causeway +-1 mile. West on Pinetree Dr., North on Central Rd & West on Park Dr. *BY APPT ONLY* NO SIGN ON PROPERTY.** DO NOT APPROACH OR DISTURB TENANTS**

Appliances

Electric Range
Yes
Microwave
Yes
Refrigerator
Yes

Association Amenities

Management - Live In
Yes
Management - On Site
Yes

Construction Materials

Block
Yes
Concrete
Yes
Stucco
Yes

Cooling

Central Air
Yes
Electric
Yes

Flooring

Tile
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Other
Yes

Pool Features

In Ground
Yes
Other
Yes

Possession

Close Of Escrow
Yes

Financial Data Source

Owner
Yes

Owner Pays

Electricity
Yes
Grounds Care
Yes
Insurance
Yes
Management
Yes
Pool Maintenance
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Road Surface Type

Paved
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Utilities

Electricity Available
Yes
Separate Electric Meters
Yes
Sewer Connected
Yes
Water Available
Yes

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
No Sign
Yes

Showing Considerations

Occupied
Yes
Listing Office: Santana Real Estate LLC
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.