About This Home
This two-story, 3,516-square-foot multi-family property sits on a 0.43-acre lot in Pinehurst Gardens, Palm Bay. Built in 1984, the home offers eight bedrooms and one bathroom, with central air cooling and central electric heating. The property has been completely remodeled and updated.
Existing rental information indicates $6,000 per month in potential rental income, with two units currently vacant and ready to rent. Units were rented for the previous 12 months at $1,500 each, while stated market rent is $1,300 to $1,500 per unit. Listed at $629,000, this multi-family property combines a two-story layout with substantial interior space and current rental-use potential.
Its location in Palm Bay provides a Florida setting for an income-focused property, while the 0.43-acre parcel offers the land area associated with the home. The property is equipped with electric utilities for both cooling and heating.
Key Features
- Built in 1984
- 0.43 acre lot
- 2 stories
Property Details
Amenities
Great Value and earnings. Completely remodeled and updated. $6000 a month in rental income potential. Currently, 2 units are vacant and ready to rent. Units were being rented for the last 12 months at $ 1,500 each. Market rent 1300-1500 per unit.
Monthly Cost Estimate
$3,364/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2012 Tree Ridge Lane NE
Palm Bay, FL 32905
Pinehurst Gardens
Property Details
Construction
Heating
Cooling
Questions & Answers
This 8-bedroom, 1-bathroom multi-family at 2012 Tree Ridge Lane NE is listed at $629,000 ($179/sqft). The estimated monthly payment is $3,364 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1984, 0.43 acre lot, 2 stories.
This property is listed by Craig Micheletti and can be reached at 3212889703.
