Price Reduction - Water Views
Address
1702 Riverview Drive, Melbourne, FL
Price
$ 1,495,000
Property Attributes
- MLS#966016
- TypeMulti-Family
- CountyBREVARD
- CityMelbourne
- AreaCentral
- Zip32901
- StyleQuadruplex
- Year Built1937
- Taxes$ 4507
- Price$ 1,495,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2262
- Lot Size7,841 SqFt
Data Source:
Space Coast AOR
Property Description
INSTANT EQUITY! Appraised at $1.8 Million in February 2024! 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 lot 4.97-star rating from 800+ Airbnb reviews. All furnishings, supplies, and website are included in sale. '||chr(10)||'
| Elementary School | Middle School | High School |
|---|---|---|
| University Park Elementary School | Hoover Middle School | Melbourne High School |
| Price History | |
|---|---|
| 5/26/2023 | Listed $1,795,222 |
| 2/28/2024 | 12% - $1,595,000 |
| 5/7/2024 | 7% - $1,495,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Central Air,Electric,Wall/Window Unit(s) |
| Utilities | Cable Available,Electricity Available,Electricity Connected,Sewer Available,Sewer Connected,Water Available |
| Possession | Close Of Escrow |
| Roof | Metal |
| Appliances | Disposal,Dryer,Electric Range,Instant Hot Water,Microwave,Refrigerator,Washer |
| Pool Features | None |
| Construction Materials | Frame,Wood Siding |
| Year Built | 1937 |
| Levels | One,Two |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| Current Use | Multi-Family |
| OwnerPays | Cable TV,Electricity,Exterior Maintenance,Grounds Care,Insurance,Janitorial Service,Pest Control,Repairs,Sewer,Taxes,Telephone,Trash Collection,Water,Other |
| Additional Parcels Description | 2816906 |
| County | Brevard |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Garage Y/N | No |
| Status | Active |
| Directions | From 192,turn north onto Riverview Drive. From US1,turn East onto Columbus Avenue. Property is on the SW corner of Riverview Dr and Columbus Ave. |
| High School | Melbourne |
| City | Melbourne |
| View Y/N | No |
| Senior Community Y/N | No |
| Total Units | 5 |
| MLS Area | 330 - Melbourne - Central |
| Lot Size Square Feet | 7841.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Riverview |
| Elementary School | University Park |
| Tax Annual Amount | 4507.49 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Hoover |
| Lease Renewal Y/N | No |
| MLS Area Minor | 330 - Melbourne - Central |
| Lease Considered Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/spc/966016 |
| Standard Status | Active |
| MobileHomeRemainsYN | No |
| Legal Description | POWELLS RESUBD OF MELBOURNE LOT 1 BLK 9 & VAC ALLEY LYING SE'LY & ADJ AS DESC IN ORB 6428 PG 1160 |
Interior Features
| Flooring | Tile,Vinyl |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Drive |
| Laundry Features | Electric Dryer Hookup |
| Electric On Property Y/N | No |
| LivingAreaSource | Public Records |
Exterior Features
| Lot Features | Corner Lot,Historic Area |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.18 |
| Number of Buildings | 2 |
| Spa | No |
| Building Area Total | 2480.0 |
| Lot Size Acres | 0.18 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 32901
Price
Taxes
Visits
Year Built
Walkscore
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Updated on May 18, 2024 5:30 PM UTC
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