Multifamily
Mercury Apartments
441 Mercury Ave SE, Palm Bay, FL 32909
Listing Price: $2,699,999
Investment Overview
Marcus & Millichap, as exclusive listing agent, is proud to present to market the Mercury Apartments located at 441 Mercury Ave, Palm Bay which is in Brevard County, Florida. The property consists of 16 units, all two-bedroom / one-bathroom layouts that are roughly 899 square feet each. It was built in 1985 with wood-frame construction. Each unit is equipped with hookups for a washer & dryer, has central air conditioning throughout, and is separately metered for water and electricity.
The Mercury Apartments are comprised of two buildings on the same parcel (29-37-03-26-01987.0-0005.00) over 1.61 acres of land. The property sits just off Babock Street, south of Malabar Road and less than 1.5 mile(s) away from Interstate-95. It benefits from the close proximity to major retailers such as Walmart Supercenter, Publix Supermarket, The Home Depot and Lowe's, as well as, Health First's Palm Bay Hospital.
The Mercury Apartments offers an investor the opportunity to purchase a stabilized, cash flowing asset that has additional upside by renovating the remaining 8 units and pushing the rents to market rates.
Mercury Apartments
Investment Highlights
- Composed Entirely of Two-Bedroom / One-Bath Units
- Half of the Units (8/16) have been gut renovated with Granite Countertops, Stainless Steel Appliances and Tile Flooring
- Each Unit Has Hookups for Washer & Dryer, Central Air Conditioning Throughout and Offers a Personal Patio/Balcony
- Separately Metered for Water & Electricity
- Located Less Than 1.5 Mile(s) East of Interstate-95
- 1985 Construction with PVC Piping and Copper Wiring
Listing Price: $2,699,999
Investment Highlights
- Composed Entirely of Two-Bedroom / One-Bath Units
- Half of the Units (8/16) have been gut renovated with Granite Countertops, Stainless Steel Appliances and Tile Flooring
- Each Unit Has Hookups for Washer & Dryer, Central Air Conditioning Throughout and Offers a Personal Patio/Balcony
- Separately Metered for Water & Electricity
- Located Less Than 1.5 Mile(s) East of Interstate-95
- 1985 Construction with PVC Piping and Copper Wiring
Investment Overview
Marcus & Millichap, as exclusive listing agent, is proud to present to market the Mercury Apartments located at 441 Mercury Ave, Palm Bay which is in Brevard County, Florida. The property consists of 16 units, all two-bedroom / one-bathroom layouts that are roughly 899 square feet each. It was built in 1985 with wood-frame construction. Each unit is equipped with hookups for a washer & dryer, has central air conditioning throughout, and is separately metered for water and electricity. The Mercury Apartments are comprised of two buildings on the same parcel (29-37-03-26-01987.0-0005.00) over 1.61 acres of land. The property sits just off Babock Street, south of Malabar Road and less than 1.5 mile(s) away from Interstate-95. It benefits from the close proximity to major retailers such as Walmart Supercenter, Publix Supermarket, The Home Depot and Lowe's, as well as, Health First's Palm Bay Hospital. The Mercury Apartments offers an investor the opportunity to purchase a stabilized, cash flowing asset that has additional upside by renovating the remaining 8 units and pushing the rents to market rates.
