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1702 Riverview Drive
Melbourne, FL 32901
Pending
$1,795,222
Pending
2,480
Sq.Ft.
0.18
Acres
MLS# 966016
Cumulative Days on Market: Less than 1 (since November 25th, 2023) Data provided by the MLS.

Property Details

Turnkey Short-Term Rental Opportunity in Downtown Melbourne!This .18 acre property is perfect for investors who want to enter the booming STR market or expand their portfolio. The Riverview was completely remodeled in 2020, offering a modern aesthetic while preserving old-Florida charm.This conveniently located property includes: * A 2 / 1 cottage with laundry room and screened porch * A 2-story quadplex with three 1 / 1 apartments, a studio, and a shared laundry room. Intracoastal is visible from 2nd floor. * Buildable C2-zoned corner lot4.97-star rating from 800+ Airbnb reviews. All furnishings, supplies, and website are included in sale.Last 12 months rental income: $205K gross; $160K net. Numbers continue to climb every year! Asking price reflects a 9% CAP rate.

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Property Highlights

Price
$1,795,222
Property Type
Residential Income
Property Sub Type
Income
Architectural Style
Two Story, One Story
Year Built
1937
Acres
0.18

Location

Area
330 - Melbourne
County
Brevard
Zoning
C2

Property Details

Price
$1,795,222
Property Sub Type
Income
Property Type
Residential Income

Building

Total Area
2,480

Community

Community Features
Barbeque, Laundry

Local Schools

Elementary School
University Park
High School
Melbourne
Middle School
Hoover

Interior Features

Area and Spaces

Living Area
2,480
Number of Units
5

Appliances

Appliances
Built-In Electric Oven, Built-In Microwave, Electric Range, Laundry-Hookup, Disposal, Dryer, Refrigerator, Washer, Cook Top Only

Interior Features

Flooring
Tile, Vinyl

Heating and Cooling

Heating Features
Space Heater, Electric

Building Details

Construction

Architectural Style
Two Story, One Story
Year Built
1937

Materials

Construction Materials
Wood Siding
Roof
Metal

Terms

Terms

Special Terms
Cash, Conventional, 1031 Exchange

Taxes

Tax

Tax (Annual)
$4,306

Heating, Cooling & Utilities

Cooling Features
Central, Electric, Wall - Window, Central Air

Utilities

Utilities
Electricity Connected, Sewer Connected, Common Electric, City Water, Cable Available, Common Water, Common Sewer, Common Hot Water

Lot

Acres
0.18
Lot Features
Historic Area, Sidewalks, Paved Street, East of US1, Corner Lot
Lot Size
0.18
Lot Size Area Sq Ft
7,841
Listed by Hoven Real Estate.
Listing Data last updated 26th February, 2024 03:00 MST
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 26-Feb-2024 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2024 Buying Buddy. All calculations should be independantly verified.
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Property History

80 days ago
Property information last updated
92 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: Less than 1. Data provided by the MLS.

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Information is deemed to be reliable, but is not guaranteed. 2024 MLS and FBS. Prepared on 26th February, 2024 03:00 MST 5.00 AM EST. The information on this sheet has been made available by the MLS and may not be the listing of the provider. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Brevard County, Florida. Real estate listings held by brokerage firms other than the website owner are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing broker. Copyright 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.
Listing Data last updated: 26th February, 2024 03:00 MST
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