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1702 Riverview Drive

Melbourne, FL 32901

FOR

SALE

$1,795,222

For Sale

2,480

Sq.Ft.

0.18

Acres

MLS# 966016

Listed on site 6 days since May 26th, 2023

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

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

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

Special Terms

Cash, Conventional, 1031 Exchange

Taxes

Tax

Tax (Annual)

$4,306

Heating, Cooling & Utilities

Cooling Features

Central, Electric, Wall - Window, Central Air

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 2nd June, 2023 14:00 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 2-Jun-2023 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 © 2023 Buying Buddy. All calculations should be independantly verified.

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6 days ago

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Information is deemed to be reliable, but is not guaranteed. 2023 MLS and FBS. Prepared on 2nd June, 2023 14:00 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 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.

Listing Data last updated: 2nd June, 2023 14:00 MST

1702 Riverview Drive Melbourne, FL 32901 — MLS# 966016

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