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2123 Washington St NE
Palm Bay, FL 32905

Price Upon Request

Apartments For Sale  •  6,084 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,084 SF
  • Lot Size 0.47 AC
  • Building Class B
  • Year Built 1964
  • Zoning RS3
0 Transit Score
20 Walk Score

Highlights

11-Unit Multifamily Property Consisting Of Studios to 3-Bedroom Units.
Majority of Units Have Been Updated Since 2019 with Wide-Plank Tile Flooring and a New Metal Roof on all Buildings in October 2019.
Coin-Operated Laundry On-Site Provides Investors Additional Income on top of Flat Rental Rates.
Investors have the Opportunity to Capitalize on Utility Reimbursements for the 2 Remaining Buildings (1 Building Already has Tenants Responsible for A
Ownership Has Slightly Below-Market Rents where an Investor could come in and increase Rents by over 10% in Year 1 through an Interior Renovation Plan
The Palm Bay/Melbourne Area is home to a Top 10 University in Florida, Florida’s Best Ranked Airport, and 2 Forbes’ “Fortune 500 Companies”.

Amenities

  • Laundry Facilities

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 15 min - 5.9 mi
Benjamin Skinner 407-557-3889 SP Multifamily Group of Marcus & Millichap
Benjamin Skinner 407-557-3889 SP Multifamily Group of Marcus & Millichap