$715,000
Palm Bay, FL 32909
MLS# 1071040
8 baths | 3840 sqft
1 / 24
Property Description
Looking for a great investment opportunity in the heart of southeast Palm Bay? With this four-plex apartment complex on City/Sewer...You found it! Each of the four spacious units features 960 sq ft. of living, two bedrooms, two full baths, and a full-size washer and dryer, 8-year-old roof, 2 newer ac's and water heaters on 3 of the units, 3 out of the updated units. The interiors boast a mixture of laminate and tile. Each unit includes a dedicated dining room and a spacious living room, ensuring ample space for tenants to enjoy. Situated on a generous 0.36-acre lot. Seize the chance to enhance your investment portfolio!
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $715,000
Original List Price: 725000
List Price: $715,000
Status: Active
Listing Contract Date: 2026-03-04
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2959103
Parcel Number: 29-37-03-26-01989.0-0003.01
General County Location: South
Tax Annual Amount: 8595.82
Tax Year: 2025
Tax Legal Description: PORT MALABAR UNIT 40 W 105.5 FT OF S 1/2 OF LOT 3 & W 105.5 FT OF LOT 4 BLK 1989
Zoning Description: Multi Family
Directions: From Malabar Road go south on Babcock, Left on Convair, right on Thor.
General Property Information
Number Of Units Total: 4
Stories Total: 1
Building Area Total: 3840
Building Area Source: Public Records
Lot Size Acres: 0.36
Accessibility Features YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 186.2
Bathrooms Total: 8
Year Built: 1987
Remarks and Miscellaneous
Public Remarks: Looking for a great investment opportunity in the heart of southeast Palm Bay? With this four-plex apartment complex on City/Sewer...You found it! Each of the four spacious units features 960 sq ft. of living, two bedrooms, two full baths, and a full-size washer and dryer, 8-year-old roof, 2 newer ac's and water heaters on 3 of the units, 3 out of the updated units. The interiors boast a mixture of laminate and tile. Each unit includes a dedicated dining room and a spacious living room, ensuring ample space for tenants to enjoy. Situated on a generous 0.36-acre lot. Seize the chance to enhance your investment portfolio!
Construction Materials
Frame: 1
Vinyl Siding: 1
Cooling
Central Air: 1
Current Use
Investment: 1
Multi-Family: 1
Residential: 1
Flooring
Laminate: 1
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Lot Features
Other: 1
Parking Features
Assigned: 1
Parking Lot: 1
Shared Driveway: 1
Possession
Close Of Escrow: 1
Owner Pays
Common Area Maintenance: 1
Exterior Maintenance: 1
Grounds Care: 1
HVAC Maintenance: 1
Insurance: 1
Repairs: 1
Roof Maintenance: 1
Taxes: 1
Trash Collection: 1
Road Frontage Type
Easement: 1
Roof
Shingle: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
All Utilities: 1
Unit 1 Details
Unit ID: 311
Annual Rent: 1650
Unit SqFt: 960
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Current Lease - 8/1/2025 - 7/31-2026
Unit 2 Details
Unit ID: 312
Annual Rent: 1600
Unit SqFt: 960
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Currently pending application approval
Unit 3 Details
Unit ID: 313
Annual Rent: 1600
Unit SqFt: 960
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: New Lease 3/1/2026 - 2/28/2027
Unit 4 Details
Unit ID: 314
Annual Rent: 1200
Unit SqFt: 960
# Units (This Type): 4
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Month to Month - - Long term tenants
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Other: 1
Operating Expense Includes
Insurance: 1
Maintenance: 1
Pest Control: 1
Trash: 1
Showing Considerations
Occupied: 1
Sale Includes
Building & Land: 1
Location Tax and Legal
Street Number: 422
Street Name: Thor
Street Suffix: Avenue
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 40
Status Change Information
Major Change Timestamp: 2026-04-03T20:52:23Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-03T20:52:23Z
Status Change Timestamp: 2026-03-04
Property Features
Construction Materials: Frame; Vinyl Siding
Cooling: Central Air
Current Use: Investment; Multi-Family; Residential
Flooring: Laminate; Tile
Heating: Central
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Other
Operating Expense Includes: Insurance; Maintenance; Pest Control; Trash
Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Repairs; Roof Maintenance; Taxes; Trash Collection
Parking Features: Assigned; Parking Lot; Shared Driveway
Possession: Close Of Escrow
Road Frontage Type: Easement
Roof: Shingle
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Other
Special Listing Conditions: Standard
Tenant Pays: All Utilities
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: Waterman Real Estate, Inc.
Last Updated: April - 03 - 2026
Information is deemed to be reliable, but is not guaranteed.