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1275 N Banana River Drive

Merritt Island, FL 32952
  • $850,000
  • STATUS: Active
  • ON SITE: 184 Days
  • MLS #: O6048806
UPDATED: 23 min ago
$850,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,008
    SQFT
  • $283
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1966
County:

School Ratings & Info

Description

Go to Crexi.com for more details. For registration requirements and regulations, please reviewRealtor Remarks. Additional Due Diligence docs on Crexi.com. Reserve does not reflect asking price. Auction date starts on February 27th, 2023 and ends on March 1st, 2023. 11.4% Cap Rate at current price!!! Sellers Motivated!!! Offer Memo (OM) available upon request. Banana River Villas, a Senior Care ALF Home is licensed for 6 Residents with an additional 1 bedroom, 1 bathroom Living Quarter with Private Kitchen & Living Room for Live-In Staff &/or Owner Operators. Its facility offers a comfortable homelike setting for Residents needing Assisted Living. Offering a "Worry Free" way of life through its All Inclusive Services & Amenities. The 5th Wheel Camper in the back conveys with the Subject Property. The property is Canal Frontage leading to the Banana River Lagoon, leading to the Atlantic Ocean. One of the largest Facilities licensed for 6 Residents in Brevard County. The Property can can carry many other uses besides an ALF for Commercial and Residential purposes ie; Vacation Duplex, VRBO, Air BnB, Office Duplex etc. It's situated near many landmarks and recreation the Space Coast offers. Price based on Income & Expenses from its 2021 IRS Filings & Current 2022 YTD P&L. Available Upon Request & Signed NDA. Seeing is Believing!!!

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© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-02-06T11:44:50.293.
www.daltonwade.com/homes/131871146
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1275 N Banana River Drive Merritt Island, FL 32952

  • Price: $850,000
  • Status: Active
  • On Site: 184 Days
  • Updated: 23 min ago
  • MLS #: O6048806
0
Beds
0
Baths
0
½ Baths
0.43
Acres
3,008
SQFT
$283
$/SQFT
1966
Built
Neighborhood:
Acreage
County:
Brevard
Area:
Merritt Island
Property Description
Go to Crexi.com for more details. For registration requirements and regulations, please reviewRealtor Remarks. Additional Due Diligence docs on Crexi.com. Reserve does not reflect asking price. Auction date starts on February 27th, 2023 and ends on March 1st, 2023. 11.4% Cap Rate at current price!!! Sellers Motivated!!! Offer Memo (OM) available upon request. Banana River Villas, a Senior Care ALF Home is licensed for 6 Residents with an additional 1 bedroom, 1 bathroom Living Quarter with Private Kitchen & Living Room for Live-In Staff &/or Owner Operators. Its facility offers a comfortable homelike setting for Residents needing Assisted Living. Offering a "Worry Free" way of life through its All Inclusive Services & Amenities. The 5th Wheel Camper in the back conveys with the Subject Property. The property is Canal Frontage leading to the Banana River Lagoon, leading to the Atlantic Ocean. One of the largest Facilities licensed for 6 Residents in Brevard County. The Property can can carry many other uses besides an ALF for Commercial and Residential purposes ie; Vacation Duplex, VRBO, Air BnB, Office Duplex etc. It's situated near many landmarks and recreation the Space Coast offers. Price based on Income & Expenses from its 2021 IRS Filings & Current 2022 YTD P&L. Available Upon Request & Signed NDA. Seeing is Believing!!!
Exterior Features

Construction Materials BlockConcrete Covered Spaces 0 Direction Faces Southeast Fencing Fenced Foundation Details Slab Lot Size Dimensions 129X145 Open Parking YN No Parking Features 1 To 5 SpacesGround Level Road Frontage Type City Street Road Surface Type Asphalt Roof Built-UpMembrane Water Access Canal - SaltwaterGulf/OceanIntracoastal WaterwayLagoon Water Access Yn Yes Water Body Name Banana River Lagoon Water Extras Seawall - Other Water Extras Yn Yes Water Frontage Feet Canal Salt 140 Water View Canal Water View Yn Yes Waterfront Features Canal - Saltwater Waterfront Feet Total 140 Waterfront Yn Yes

Interior Features

Accessibility Features Accessible Approach With RampAccessible BedroomAccessible Central Living AreaAccessible ClosetsAccessible Common AreaAccessible DoorsAccessible EntranceAccessible Full BathVisitor BathroomAccessible Hallway(S)Accessible KitchenCentral Living AreaCustomized Wheelchair AccessibleGrip-Accessible FeaturesHandicap Modified Appliances DishwasherRefrigerator Building Area Total 3008 Ceiling Height 8 To 9 Feet Ceiling Type Acoustical Cooling Central Air Cooling YN Yes Flooring CarpetCeramic Tile Heating Central Heating YN Yes Sewer Public Sewer Stories Total 1 Water Source Public

Property Features

Community Features Sidewalk Condo Environment Yn No Flood Zone Code Ae Listing Terms CashConventional New Construction Yn No Ownership Corporation Pets Allowed No Property Sub Type Multi-Family Realtor Info No SignSurvey Available Required Remarks Auction Property. Special Listing Conditions Auction Tax Annual Amount 3650.92 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity AvailablePublicWater Connected Zoning Rp


Listing information © 2023 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Weichert Realtors Hallmark Pro: 407-299-3000.



© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-02-06T11:44:50.293.
 
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