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    1183 Greenview Ct Palm Bay, FL 32907

    For Sale
    $50,000

    5,227 SF Land, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 5,227 square foot land parcel presents a unique investment opportunity in the desirable Holiday Park community of Palm Bay, Florida. Located at 1183 Greenview Court NE, 32907, this property is situated within a well-established, 55+ gated community renowned for its resident-owned manufactured homes and extensive amenities. Holiday Park boasts two swimming pools (one heated), a community clubhouse, a convenient self-service laundromat, and 24-hour gated security, ensuring a secure and comfortable living environment. The community encompasses over 700 homesites and fosters a strong sense of community through regular social events and recreational activities organized by its active homeowners association. Residents enjoy well-maintained green spaces, cable television service, and regular lawn care, all included in the annual assessment fee. This property's location within this thriving community offers significant potential for various multifamily development or investment strategies, making it an attractive proposition for discerning investors seeking a prime location in a sought-after Palm Bay neighborhood. The asking price for this land is $50,000. The property is classified as Commercial, Single Family Rental Portfolio, and Residential. This presents a versatile opportunity for various development plans. Further due diligence is recommended to fully explore the potential of this exceptional investment.

    Property Features for 1183 Greenview Ct

    General Information

    Property type
    Multifamily properties

    HighLights

    • $50,000 asking price.
    • Land and multifamily property.
    • 5,227 square foot lot.
    • Located at 1183 Greenview Court NE, Palm Bay, FL 32907.
    • Located in the 55+ gated Holiday Park community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6390006
    Latitude
    28.0081412

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    FAQs

    What type of property is this?
    Multifamily property - 5,227 SF Land, Multifamily Potential
    Where is this multifamily property located?
    The property is located at 1183 Greenview Ct Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: $50,000 asking price.; Land and multifamily property.; 5,227 square foot lot.
    Request Owner's contact information
    1183 Greenview Ct Palm Bay, FL 32907
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    Palm Bay, FL 32907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1183 Greenview Ct Palm Bay, FL 32907
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