89 Northwest Irwin Avenue
$1,955,000
—
7,728
7,728
$253
Description
This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue--a fully renovated, fully occupied complex bringing in $16,000 monthly in rental income, with the potential to increase rents to $18,000 monthly. Listed at $1,955,000, the property currently yields an annual income of $192,000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216,000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit...This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue--a fully renovated, fully occupied complex bringing in $16,000 monthly in rental income, with the potential to increase rents to $18,000 monthly. Listed at $1,955,000, the property currently yields an annual income of $192,000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216,000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit apartment building, each unit with 1 bedroom and 1 bathroom. 87 NW Irwin: A single-family home with 3 bedrooms and 2 bathrooms. 85 NW Irwin: A duplex, each unit featuring 2 bedrooms and 1 bathroom. With solid current returns and room for growth, this is an ideal addition to any investment portfolio.
- Listed by Guy Newman • Relentless Real Estate Co.
Property Details for 89 Northwest Irwin Avenue
Directions
From 192, turn North on to NW Irwin Avenue. Property will be on the left.
LISTING UPDATED: 11/20/2024 11:24 AM
Property Details for 89 Northwest Irwin Avenue
Status | Active |
---|---|
MLS # | 1028572 |
Days on Market | 23 |
Taxes | $10,134 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Multi Family |
Year Built | 1973 |
Lot Size | 0.58 AC / 25,264 SF |
County | Brevard County |
Building Information for 89 Northwest Irwin Avenue
Stories-Residences11Year Built1973Building Size-Lot Size0.58 AC / 25,264 SF
Property Information for 89 Northwest Irwin Avenue
Property History for 89 Northwest Irwin Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 89 Northwest Irwin Avenue
Taxable ValueLand$34,650Additions$504,110Total$538,760
Tax Record2023$9,155 ($763 / month)
Home Facts
Total Finished SqFt5,184 SqFtAbove Grade Finished SqFt5,184 SqFtStories2Lot Size25,265 SqFtStyleMulti-Family Res (5+ Units)Year Built1973Year Renovated1995ZoningR2CountyBREVARDAPN28-37-05-02-0000C.0-0006.00
Schools near 89 Northwest Irwin Avenue
This home is within Brevard Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 6 |
Rating | School | Distance |
---|---|---|
University Park Elementary School PublicPK to 6 | ||
Stone Magnet Middle School Public7 to 8 | ||
Melbourne Senior High School Public9 to 12 | ||
W. Melbourne Elementary School For Science PublicPK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.