341 Tuscany Way, Melbourne

Usage

Low Rise Apartments- 50 Units And Up- 2 Or 3 Stories

Multi-family - 10 units or more

Address:

341 Tuscany Way
Bldg8
Melbourne
FL 32940

Property Size:29,122 sq ft
Acreage:30.50
Year Built:2000
Property Class:B4
Latitude:28.233
Longitude:-80.700

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Estimated Value: 341 Tuscany Way

Market Data

In 2013 class A multi-family - 10 units or more properties in Melbourne sold for $39.85 to 39.85 per sq ft with a median price per sq ft of $39.85. Class B properties sold for $39.86 to 39.84 per sq ft with a median of $39.85 and class C properties sold for $39.85 to 39.85 per sq ft with a median of $39.85.

Market Valuation

341 Tuscany Way appears to be a B Class property. Suggested value: $1,160,512

HighMedianLow
Value1,160,220 1,160,512 1,160,803

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $-1,701,643. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 341 Tuscany Way. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent21,599
Annual Rent per Sq Ft8.90
Gross Annual Rent259,186
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount38,878
Maintenance15,143
HOA, Utilities and CAM0
Property Taxes287,220
Insurance28,248
Management Fees8,812
NOI-119,115
Cap Rate7
Estimated Value-1,701,643
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Brevard County, Florida

Brevard County is in East Central Florida. The main cities in Brevard County are Palm Bay (population 103,190), Melbourne (population 76,068) and Titusville (population 43,761)


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Local Household Income

The median household income in this part of Florida is $64,047. The bottom 10% of the population earn less than $21,382 per year. The top 10% earn more than $142,553 per year. The top 1% earn more than $397,861 per year. Most renters earn between $29,568 (20th percentile) and $53,724 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $895. Most renters earn between $2,464 and $4,477 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $649 (20th percentile) to $1,268 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 341 Tuscany Way, Melbourne, FL on Google Maps
  2. Melbourne, FL Property Values on Trulia
  3. Search for EPA and DEP Cleanup Sites

Documents

  1. 341 Tuscany Way Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 2000 26,828.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage,
Building 10 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 11 2000 26,828.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 2 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 3 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 4 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence,
Building 5 2000 9,506.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 6 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 7 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 8 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,
Building 9 2000 32,148.00 Low Rise Apartments- 10 To 49 Units- 2 Or 3 Stories Office Building- Single Tenant- 1 Story Stucco Exterior, Wood Frame, Cem/Cly/Mtl Tile Roof, Wood Truss Roof, Garage, Pool, Fence, Utility Room,

Owner Details

Companies near this Address

  1. Cadindia, Inc. (320 Tuscany Way)
  2. Laurie Donaldson, Ph.D., LLC (320 Tuscany Way)
  3. Algos Inc. (340 Tuscany Way)

Sales History

DateSold BySold ToDeed TypePrice
07/14/1999 Seller: 518491 Buyer: 134400 Warranty Deed/Special Warranty Deed 1,218,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.