140 Minna Ln. Units 115, 116, 213 & 215, Merritt Island, FL 32953
$173,800
Property Type:
Residential Income
Square Footage:
3,100
Lot Size (sq. ft.):
1,307
Status:
Closed
Current Price:
$173,800
List Date:
4/12/2018
Last Modified:
5/22/2026
Overview
Description
- INCOME PRODUCING - 4 CONDOS FOR SALE WITHIN SAME CONCRETE BLOCK BUILDING IN CENTRAL MERRITT ISLAND, FL. 100% FULLY RENTED! All 4 Condos are 2Bedroom 1Baths, RIGHT NEXT TO THE POOL. (Owners would sell units individually, as well, just make an offer). 2 UNITS are on the FIRST FLOOR and the other 2 UNITS are on the SECOND FLOOR. Unit 115 is paying $700 per Month. Unit 116 is paying $550 per Month. Unit 213 is paying $650 per Month and Unit 215 is paying $775 per Month. Taxes were only $611 per year, per unit, for 2017. HOA is only $174 per month, per unit. HOA fee includes Roof Replacement, Insurance, Water & Sewer, Common Electric, Pool Maintenance, Lawn, Trash/Garbage. LAUNDRY FACILITY ON SITE. CLOSE TO SCHOOLS, SHOPPING AND WITHIN A 15 MINUTE DRIVE TO THE BEACH. CASH ONLY SALE....
Listing Details MLS# 810611
General Property Information
- Number Of Units Total
- 4
- Living Area
- 3100
- 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
- Yes
- Association Fee
- 696
- Association Fee Frequency
- Monthly
- Property Use
- E
- Use Code
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- List Price/SqFt
- 62.9
- Sold Price/SqFt
- 56.06
- Garage Spaces
- 0
- Carport Spaces
- 0
Property Features
Appliances:
Electric Range; Refrigerator
Association Amenities:
Pool
Construction Materials:
Block; Concrete
Cooling:
Central Air; Electric
Flooring:
Carpet; Tile
Levels:
One
Listing Terms:
Cash
Lot Features:
Dead End Street
Owner Pays:
Electricity; Exterior Maintenance; Grounds Care; Pool Maintenance; Sewer; Taxes; Water; Other
Pool Features:
Other
Possession:
Close Of Escrow
Roof:
Shingle
Special Listing Conditions:
Standard
Utilities:
Electricity Available; Sewer Available
Showing Considerations:
Occupied
Showing Requirements:
Appointment Only
Contract Information
- Original List Price
- 240000
- Listing Contract Date
- 2018-04-12
- Property Sub Type
- Multi Family
Location Tax and Legal
- Street Number
- 140 Minna
- Street Name
- Ln. Units 115, 116, 213 & 215
- 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 PRODUCING - 4 CONDOS FOR SALE WITHIN SAME CONCRETE BLOCK BUILDING IN CENTRAL MERRITT ISLAND, FL. 100% FULLY RENTED! All 4 Condos are 2Bedroom 1Baths, RIGHT NEXT TO THE POOL. (Owners would sell units individually, as well, just make an offer). 2 UNITS are on the FIRST FLOOR and the other 2 UNITS are on the SECOND FLOOR. Unit 115 is paying $700 per Month. Unit 116 is paying $550 per Month. Unit 213 is paying $650 per Month and Unit 215 is paying $775 per Month. Taxes were only $611 per year, per unit, for 2017. HOA is only $174 per month, per unit. HOA fee includes Roof Replacement, Insurance, Water & Sewer, Common Electric, Pool Maintenance, Lawn, Trash/Garbage. LAUNDRY FACILITY ON SITE. CLOSE TO SCHOOLS, SHOPPING AND WITHIN A 15 MINUTE DRIVE TO THE BEACH. CASH ONLY SALE....
Status Change Information
- Major Change Timestamp
- 2023-11-11T03:44:53Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2018-08-10T17:05:10Z
- Status Change Timestamp
- 2018-08-31
- Purchase Contract Date
- 2018-08-11
- Close Date
- 2018-08-31
- Close Price
- 173800
More Information
Closing Company Details
- Closing Company Name
- Landmark Title 400 E. Merritt Ave Suite D Merritt Island, FL. 32953 michele@landmarktitle.net
Income and Expenses
- Gross Scheduled Income
- 32100
- Net Operating Income
- 21304
- Operating Expense
- 10796
- Gross Income
- 0
Historical Information
- Public Historical Remarks 3
- Number of Buildings: 1 Building
Location, Tax, and Legal
- 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
- 610.04
- Tax Year
- 2017
- Tax Legal Description
- COLONIAL ARMS CONDO UNIT 115 COLONIAL ARMS CONDO AS DESC IN ORB 2356 PG 2182 AND ALL AMENDMENTS THERETO.
- Directions
- Across the street from the Merritt Island Bowling Alley, take Minna Ln. west from Courtenay past the S turn and Colonial Arms will be on your right. 140 Minna Ln. Merritt Island, FL. 32953
Appliances
- Electric Range
- Yes
- Refrigerator
- Yes
Association Amenities
- Pool
- Yes
Construction Materials
- Block
- Yes
- Concrete
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Flooring
- Carpet
- Yes
- Tile
- Yes
Levels
- One
- Yes
Listing Terms
- Cash
- Yes
Lot Features
- Dead End Street
- Yes
Pool Features
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Owner Pays
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Grounds Care
- Yes
- Pool Maintenance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Water
- Yes
- Other
- Yes
Roof
- Shingle
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Electricity Available
- Yes
- Sewer Available
- Yes
Showing Requirements
- Appointment Only
- Yes
Showing Considerations
- Occupied
- Yes
Listing Office:
ASK4 Realty & Mgmt., Inc.
Last Updated: May - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.