$173,800
Merritt Island, FL 32953
MLS# 810611
Status: Closed
3100 sqft
1 / 63
Property 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....
Details
Maps
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
General Property Information
Number Of Units Total: 4
Living Area: 3100
Living Area Source: Public Records
Building Area Total: 3100
Lot Size Acres: 0.03
Lot Size Square Feet: 1307
Association YN: Yes
Association Fee: 696
Association Fee Frequency: Monthly
Garage YN: No
Property Use: E
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Use Code: No
Water Body Access YN: No
List Price/SqFt: 62.9
Sold Price/SqFt: 56.06
Year Built: 1964
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....
Appliances
Electric Range: 1
Refrigerator: 1
Association Amenities
Pool: 1
Closing Company Details
Closing Company Name: Landmark Title 400 E. Merritt Ave Suite D Merritt Island, FL. 32953 michele@landmarktitle.net
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Electric: 1
Flooring
Carpet: 1
Tile: 1
Levels
One: 1
Listing Terms
Cash: 1
Lot Features
Dead End Street: 1
Pool Features
Other: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 32100
Net Operating Income: 21304
Operating Expense: 10796
Owner Pays
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
Pool Maintenance: 1
Sewer: 1
Taxes: 1
Water: 1
Other: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Showing Requirements
Appointment Only: 1
Showing Considerations
Occupied: 1
Historical Information
Public Historical Remarks 3: Number of Buildings: 1 Building
Contract Information
Current Price: $173,800
Original List Price: 240000
Sold Price: $173,800
Status: Closed
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
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
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
Listing Office: ASK4 Realty & Mgmt., Inc.
Last Updated: May - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.