2012 Tree Ridge Lane NE Palm Bay, FL 32905
MULTI_FAMILY - Palm Bay, FL
- Added:
- Jul 5, 2026
- Days on Market:
- 10
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 2012 Tree Ridge Lane NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 1
- Rooms
- Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 1
- Standard status
- Active Under Contract
- APN
- 28-37-28-01-0000a.0-0007.00
- Size
- 3,516 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PINEHURST LOT 7 BLK A
- Tax Annual Amount
- 8162
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Frame, Stucco
Listing agent Craig Micheletti (321) 288-9703
Listing office LoKation 1500 E Atlantic Blvd., Pompano Beach, FL (954) 545-5583
Listing date Jul 5, 2026
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.
The property is located at 2012 Tree Ridge Lane NE in Palm Bay, Florida 32905, in Brevard County. The listing materials describe recent and in-place leasing history over the last 12 months, along with current vacancy status for two units.
For buyers or operators seeking a move-in ready rental portfolio, the updates and current availability may help reduce near-term turn timelines. The provided remarks state that units were rented for the last 12 months at $1,500 each, and that market rent is estimated in the $1,300 to $1,500 per unit range. The listing also references $6,000 per month in rental income potential. Please note that income figures are based on the seller’s statements and should be verified through your own underwriting and lease review.
Key Highlights
- Completely remodeled and updated property built in 1984
- 2 units are currently vacant and ready to rent
- $6,000/month rental income potential reported; units were rented for the last 12 months at $1,500 each
Local Financial Insights For Multifamily LT 5
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 | $63.7k | $18.12 |
| − Vacancy | −$4.8k | −$1.36 |
| EGI | $58.9k | $16.76 |
| − OpEx | −$17.7k | −$5.03 |
| NOI | $41.3k | $11.73 |
