For Sale: 16-Unit Approved Multifamily Site Plan Approved - Prime Palm Bay Location - Only $20,000 Per Approved Unit! Unbeatable Value | Premium Location | Multiple Exit Strategies Offered at just $320,000 ($20,000 per approved unit), this is the best-priced, ready-to-build multifamily opportunity in Palm Bay's most dynamic growth corridor. - Site Plan Approved for 16 Units: - 8 spacious 3-bedroom, 2-bath units -8 well-designed 2-bedroom, 2-bath units - Each unit features in-unit washer and dryer hookups for maximum tenant appeal - All Utilities at the Curb: - Separate electric and water meters for each unit, allowing for easy individual billing, reduced operating costs, and flexibility for future condo sales or rental management.
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Features & Details
Learn about the features and details of 1581 1591 Lakewood
Property Details
Property Type
Residential
Living Area
-
Year Built
Year Built
Lot Size
-
Stories
-
Annual Tax
$1,688.00
List Date
6/5/2025
Updated
6/9/2025
Last Checked
Recent
MLS Number
#A11816604
Brokerage
Property360
Postal Code
32905
Area
Brevard
City
-
Additional Property Features
Occupancy
Available
List Price
$320,000.00
Unit Number
-
Construction
Construction
Heating
Heating
Fireplaces
-
Garage
-
Parking Type
No
Pets Allowed
No
Air Conditioning
No
Elevator
No
Locker
No
Swimming Pool
No
Patio
No
Basement
No
Den
No
Central Vacuum
No
Garage Type
No
Additional Listing Information
Walk Score
–
Property Manager
-
Utilities Included
None
Furnished
No
Assessment Year
2024
Assignment
No
Extras Included
None
Inside
Bedrooms & Baths
0 Bed, 0 Bath
Ensuite
Yes
Bathrooms
0
Flooring
Mixed
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Mortgage Calculator
Estimate monthly payments for 1581 1591 Lakewood
20.5%100%
30 Years
Estimated Monthly Payment
$1,289
Cash Flow Analysis
Mortgage Payment:
$1,289
Monthly Payment:
$1,429.67
Break Even Down Payment:
100%
Cash Flow
$0
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Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.