1121 Sunny Point Drive, Melbourne, FL 32935

$1,050,000

Property Type: Residential Income Square Footage: 7,687 Lot Size (sq. ft.): 47,045 Status: Closed

Current Price: $1,050,000 List Date: 2/11/2019 Last Modified: 10/23/2024

Overview

Description

This is the Historic Ballard House in Eau Gallie near the Arts District. The original large home was subdivided into an owner's unit and 6 rental units in the 1950's. The units have been variously used as private apartments for family and friends of the owner and have now been rented for over 10 years. The owner's unit has never been leased. All of the tenants have been very long term and have had few rent increases to keep up with the market. Shorter term rentals and leasing the owner's unit could add significantly to the income. All units except one have Indian River views. Please do not disturb the tenants. Property is also listed as a residential home, MLS # 834478

Listing Details MLS# 836687

General Property Information

Number Of Units Total: 7
Living Area: 7687
Living Area Source: Public Records
Building Area Total: 7687
Year Built: 1916
Garage YN: Yes
Garage Spaces: 3
Lot Size Acres: 1.08
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 3
Pool Private YN: No
Senior Community YN: No
List Price/SqFt: 149.6
Sold Price/SqFt: 136.59
Lot Size Square Feet: 47045
Carport YN: No

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Association Amenities: Management - Live In Construction Materials: Frame; Wood Siding Cooling: Central Air; Electric; Zoned Flooring: Carpet; Tile; Vinyl; Wood Laundry Features: Electric Dryer Hookup Listing Terms: Cash; Conventional Lot Features: Cul-De-Sac; Dead End Street; Historic Area; Irregular Lot; Wooded Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Insurance; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water; Other Parking Features: Detached; Garage Door Opener Pool Features: None Possession: Close Of Escrow Road Surface Type: Paved Roof: Shingle Special Listing Conditions: Standard Utilities: Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Propane Water Source: Public Waterfront Features: River Front Showing Considerations: Occupied Showing Requirements: Appointment Only

Contract Information

OriginalListPrice: 1250000
Listing Contract Date: 2019-02-11
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 1121
Street Name: Sunny Point
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie

Remarks and Miscellaneous

Public Remarks: This is the Historic Ballard House in Eau Gallie near the Arts District. The original large home was subdivided into an owner's unit and 6 rental units in the 1950's. The units have been variously used as private apartments for family and friends of the owner and have now been rented for over 10 years. The owner's unit has never been leased. All of the tenants have been very long term and have had few rent increases to keep up with the market. Shorter term rentals and leasing the owner's unit could add significantly to the income. All units except one have Indian River views. Please do not disturb the tenants. Property is also listed as a residential home, MLS # 834478

Status Change Information

Major Change Timestamp: 2023-11-11T03:45:03Z
Major Change Type: Price Reduced
Price Change Timestamp: 2019-02-27T14:33:06Z
StatusChangeDate: 2019-06-26
Purchase Contract Date: 2019-04-15
Close Date: 2019-06-25
Close Price: 1050000

More Information

Closing Company Details

Closing Company Name: Alliance Title
Closing Company Address: 10 S Harbor City Blvd Melbourne, Fl 32901

Income and Expenses

Gross Scheduled Income: 46200
Net Operating Income: 11000
Operating Expense: 11000

Historical Information

Public Historical Remarks 3: Contact: List Agent, Source-Broker: Y, Expenses Include-License Permits: Y, Utilities-Common Heat & Air: Y, Style-Converted Property: Y, Number of Buildings: 1 Building

Location, Tax, and Legal

Tax Account: 2724744
Directions: From Eau Gallie Boulevard and Highland Avenue-South on Highland until it dead ends into Young Street. East on Young Street to Sunny Point Drive, south on Sunny Point Drive. House is on the end.

Listing Office: One Sotheby's International

Last Updated: October - 23 - 2024

Information is deemed to be reliable, but is not guaranteed.