140 Minna Lane 115, 116, 213, 215, Merritt Island, FL 32953
$184,000
Property Type:
Residential Income
Square Footage:
3,100
Lot Size (sq. ft.):
1,307
Status:
Closed
Current Price:
$184,000
List Date:
4/20/2019
Last Modified:
5/22/2026
Overview
Description
INCOME GENERATING!
Where else can you make over 13%* annually on your cash investment?
HOA is $174.00 per unit which includes: Roof Replacement, Insurance, Water & Sewer, Common Electric, Pool Maintenance, Lawn, Trash/Garbage.
Tenant pays Electric. Taxes are about $700 per unit.
All units have a pool view, two units on the ground floor and two units on the top floor. Laundry Facility available onsite for your tenants convenience. Centrally located in Merritt Island. Within walking distance to schools & shopping! Minutes to 520/528, about 45 minutes to Orlando and about 10 minutes to the Beach! Put this in your portfolio today!
Cash only sale!
*at current under market rent rates
Listing Details MLS# 842938
General Property Information
- Number Of Units Total
- 4
- Living Area Source
- Public Records
- Building Area Total
- 3100
- Year Built
- 1964
- Garage YN
- No
- Carport YN
- No
- Lot Size Acres
- 0.03
- Lot Size Square Feet
- 1307
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- Garage Spaces
- 0
- Carport Spaces
- 0
Property Features
Appliances:
Electric Range; Refrigerator
Association Amenities:
Pool
Construction Materials:
Block; Concrete
Flooring:
Tile
Listing Terms:
Cash
Owner Pays:
Electricity; Exterior Maintenance; Grounds Care; Insurance; Pool Maintenance; Sewer; Taxes; Trash Collection; Water
Pool Features:
Other
Possession:
Close Of Escrow
Roof:
Shingle
Special Listing Conditions:
Standard
Utilities:
Cable Available
Showing Requirements:
Appointment Only
Contract Information
- Original List Price
- 187700
- Listing Contract Date
- 2019-04-20
- Property Sub Type
- Multi Family
Location Tax and Legal
- Street Number
- 140
- Street Name
- Minna
- Street Suffix
- Lane
- County
- Brevard
- State
- FL
- Postal Code
- 32953
- MLS Area Major
- 251 - Central Merritt Island
- Subdivision Name
- Colonial Arms Condo
Remarks and Miscellaneous
- Public Remarks
- INCOME GENERATING! Where else can you make over 13%* annually on your cash investment? HOA is $174.00 per unit which includes: Roof Replacement, Insurance, Water & Sewer, Common Electric, Pool Maintenance, Lawn, Trash/Garbage. Tenant pays Electric. Taxes are about $700 per unit. All units have a pool view, two units on the ground floor and two units on the top floor. Laundry Facility available onsite for your tenants convenience. Centrally located in Merritt Island. Within walking distance to schools & shopping! Minutes to 520/528, about 45 minutes to Orlando and about 10 minutes to the Beach! Put this in your portfolio today! Cash only sale! *at current under market rent rates
Status Change Information
- Major Change Timestamp
- 2019-07-28T02:06:43Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2019-07-27
- Purchase Contract Date
- 2019-07-05
- Close Date
- 2019-07-26
- Close Price
- 184000
More Information
Income and Expenses
- Gross Scheduled Income
- 33300
- Net Operating Income
- 21864
- Operating Expense
- 11136
- Gross Income
- 0
Historical Information
- Public Historical Remarks 3
- Style-Other - Call Agent: Y, Parking-1 Space Per Unit: Y
Location, Tax, and Legal
- Unit Number
- 115, 116, 213, 215
- Tax Account
- 2420415
- Parcel Number
- 24-36-26-58-00000.0-0004.15
- General County Location
- Central
- Elementary School
- Mila
- Middle School
- Jefferson
- High School
- Merritt Island
- Tax Annual Amount
- 681.53
- Tax Year
- 2018
- Tax Legal Description
- COLONIAL ARMS CONDO UNIT 115 COLONIAL ARMS CONDO AS DESC IN ORB 2356 PG 2182 AND ALL AMENDMENTS THERETO.
- Directions
- Minna Lane west to the end, first building in Colonial Arms on the right. Building with the pool.
Appliances
- Electric Range
- Yes
- Refrigerator
- Yes
Association Amenities
- Pool
- Yes
Construction Materials
- Block
- Yes
- Concrete
- Yes
Flooring
- Tile
- Yes
Listing Terms
- Cash
- Yes
Pool Features
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Owner Pays
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Grounds Care
- Yes
- Insurance
- Yes
- Pool Maintenance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Roof
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Cable Available
- Yes
Showing Requirements
- Appointment Only
- Yes
Listing Office:
LoKation
Last Updated: May - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.