Six-Unit Apartment Building with
For Sale
$999,000
1656 Sunny Brook Lane NE, Palm Bay, FL 32905
MULTI_FAMILY - Palm Bay, FL
Property Size5,484 SF
Lot Size0.06 Acres
Price / SF$182.17
Days on Market84
Property Features for 1656 Sunny Brook Lane NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Bedrooms
18
Bathrooms
12
Full bathrooms
12
Rooms
Bedroom 15, Bathroom 6, Bedroom 7, Bedroom 6, Bathroom 2, Bathroom 10, Bedroom 4, Bedroom 14, Bathroom 11, Bedroom 13, Bedroom 8, Bedroom 2, Bathroom 5, Bedroom 11, Bathroom 8, Bedroom 10, Bedroom 3, Bedroom 16, Bedroom 12, Bedroom 5, Bedroom 18, Bedroom 9, Bathroom 1, Bathroom 12, Bathroom 9, Bathroom 3, Bedroom 17, Bathroom 7, Bathroom 4, Bedroom 1
Parking
12
Parking features
Assigned
Pool private
1
Appliances
Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer/Dryer Stacked
Subdivision
Country Gardens II Condo
Elementary school
Rivieria
Middle school
Stone
High school
Palm Bay
Directions
From Babcock St turn onto Sunny Brook Lane Make first left into Counrty Gardens , Block l will be on your left handside .
Standard status
Active
Size
5,484 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COUNTRY GARDENS II CONDO UNIT L-101 COUNTRY GARDENS II CONDO AS DESC IN ORB 2516 PG 816 AND ALL AMENDMENTS THERETO. Addl units L103,104,201,203,204
Tax Annual Amount
2257
HOA Fee
$367 Monthly
Legal Description
COUNTRY GARDENS II CONDO UNIT L-101 COUNTRY GARDENS II CONDO AS DESC IN ORB 2516 PG 816 AND ALL AMENDMENTS THERETO. Addl units L103,104,201,203,204
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
in-unit laundry
Building Details
Year built
1984
Floors in Building
2
Number of units
6
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Dale Sorensen Real Estate Inc.
(321) 723-9990
Listed By:
Deborah Ann Harris-Caldwell
(321) 427-4497
Added: May 11
Changed: Aug 2
Last Checked: Aug 2 at 11:06PM
MLS# 1076991
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment building is a six-unit condo-style portfolio featuring fully rented three-bedroom, two-bath homes. Each unit includes interior laundry with stacked washer/dryers. Central heating and central air provide year-round comfort, and each unit has assigned parking. The property has a private pool, and the building is constructed with block, concrete, and stucco.
The most recent updates include replaced appliances throughout, new bathroom tile, luxury vinyl plank flooring in five units, and newly installed porcelain tile in the sixth. A/C systems in five condos were replaced between 2020 and 2022, and the remaining unit has been inspected and is functioning well. Additional capital improvements include a 2025 roof replacement and scheduled exterior painting in May 2026. Unit 201 received new appliances and fresh interior paint in May 2026.
The community is supported by HOA services that include water, sewer, master insurance, cable, internet, grounds maintenance, and pool maintenance. The property was built in 1984 and includes 5,484 square feet on a 0.06-acre lot.
The most recent updates include replaced appliances throughout, new bathroom tile, luxury vinyl plank flooring in five units, and newly installed porcelain tile in the sixth. A/C systems in five condos were replaced between 2020 and 2022, and the remaining unit has been inspected and is functioning well. Additional capital improvements include a 2025 roof replacement and scheduled exterior painting in May 2026. Unit 201 received new appliances and fresh interior paint in May 2026.
The community is supported by HOA services that include water, sewer, master insurance, cable, internet, grounds maintenance, and pool maintenance. The property was built in 1984 and includes 5,484 square feet on a 0.06-acre lot.
Key Highlights
- Six fully rented three‑bedroom, two‑bath condos with interior laundry and stacked washer/dryers
- Luxury vinyl plank flooring in five units and newly installed porcelain tile in the sixth
- A/C systems replaced between 2020 and 2022 in five condos; the remaining unit inspected and functioning
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.6k | $20.16 |
| − Vacancy | −$6.6k | −$1.21 |
| EGI | $103.9k | $18.95 |
| − OpEx | −$46.8k | −$8.53 |
| NOI | $57.2k | $10.42 |
5,484 SF · lease $20.16/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$816.5K
$714.5K – $952.6K
NOI $57,158 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,279 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six fully rented three-bedroom, two-bath condos with interior laundry, central A/C, pool, and assigned parking.
Where is this apartment building located?
The property is located at 1656 Sunny Brook Lane NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Six fully rented three‑bedroom, two‑bath condos with interior laundry and stacked washer/dryers; Luxury vinyl plank flooring in five units and newly installed porcelain tile in the sixth; A/C systems replaced between 2020 and 2022 in five condos; the remaining unit inspected and functioning
