$175,000
Melbourne, FL 32901
MLS# 793309
Status: Closed
2628 sqft
1 / 25
Property Description
FULLY RENTED - 4 UNITS IN 1 BUILDING FOR SALE - LAND ALSO INCLUDED. EACH UNIT HAS IT'S OWN WATER & ELECTRIC METERS. EACH TENANT PAYS THEIR OWN WATER & ELECTRICITY. This property is Zoned Mixed-Use Commercial/Residential. NEW ROOF INSTALLED 5-1-2016. Building has a total of 4 units that bring income in. Unit 101 is a hair salon paying $500 per month. Unit 102 is a 1bedroom 1bath paying $450 per month. Unit 103 and Unit 104 are both 2bedroom 1baths. Unit 103 is rented for $550 per month. Unit 104 is rented at $595 per month. Taxes were $1,587 in 2017. Owner pays approx. $1,000 for Insurance on the building per year. NO HOA FOR THE NEW OWNER TO WORRY ABOUT. Downtown Melbourne, Restaurants, Shopping close by with only a 5 to 10 minute drive to the beach from this TURN-KEY INVESTMENT PROPERTY.
Details
Maps
Location, Tax, and Legal
Unit Number: Units 101, 102, 103 & 104
Tax Account: 2817121
Parcel Number: 28-37-02-80-00000.0-0003.00
General County Location: South
Elementary School: Harbor City
Middle School: Stone
High School: Melbourne
Tax Annual Amount: 1587
Tax Year: 2017
Tax Legal Description: METCALFS UNRECORDED PLAT OF BALEM ALLEN TRACT LOT 3 AS DES IN DB 70 PG 39
Directions: From US1 and 192 by Melbourne Dowtown area, go South on US1 to Prospect Ave. Right (West) on Propspect Ave. Prospect Ave. turns into Lipscomb St. Follow Lipscomb St. to Brothers Ave. Left on Brothers.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Living Area: 2628
Living Area Source: Public Records
Building Area Total: 2628
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Association YN: No
Association Fee: 0
Association Fee 2: 0
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 70.4
Sold Price/SqFt: 66.59
Year Built: 1955
Remarks and Miscellaneous
Public Remarks: FULLY RENTED - 4 UNITS IN 1 BUILDING FOR SALE - LAND ALSO INCLUDED. EACH UNIT HAS IT'S OWN WATER & ELECTRIC METERS. EACH TENANT PAYS THEIR OWN WATER & ELECTRICITY. This property is Zoned Mixed-Use Commercial/Residential. NEW ROOF INSTALLED 5-1-2016. Building has a total of 4 units that bring income in. Unit 101 is a hair salon paying $500 per month. Unit 102 is a 1bedroom 1bath paying $450 per month. Unit 103 and Unit 104 are both 2bedroom 1baths. Unit 103 is rented for $550 per month. Unit 104 is rented at $595 per month. Taxes were $1,587 in 2017. Owner pays approx. $1,000 for Insurance on the building per year. NO HOA FOR THE NEW OWNER TO WORRY ABOUT. Downtown Melbourne, Restaurants, Shopping close by with only a 5 to 10 minute drive to the beach from this TURN-KEY INVESTMENT PROPERTY.
Appliances
Electric Range: 1
Refrigerator: 1
Association Amenities
Management - Off Site: 1
Closing Company Details
Closing Company Name: Landmark Title - Email: Michele Brenner - michele@landmarktitle.net
Closing Company Address: 400 E. Merritt Ave Suite D Merritt Island, FL.
Construction Materials
Block: 1
Concrete: 1
Cooling
Wall/Window Unit(s): 1
Flooring
Laminate: 1
Tile: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Parking Features
On Street: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 25140
Net Operating Income: 20153
Operating Expense: 4987
Owner Pays
Insurance: 1
Management: 1
Taxes: 1
Roof
Membrane: 1
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Other: 1
Showing Requirements
Appointment Only: 1
No Sign: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $175,000
Original List Price: 169900
Sold Price: $175,000
Status: Closed
Listing Contract Date: 2017-08-31
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 1002
Street Name: Brothers
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Metcalfs Unrecorded Plat of Balem Allen Tract
Status Change Information
Major Change Timestamp: 2023-11-11T03:44:49Z
Major Change Type: Price Change
Price Change Timestamp: 2018-03-10T00:14:58Z
Status Change Timestamp: 2018-06-01
Purchase Contract Date: 2018-04-19
Close Date: 2018-06-01
Close Price: 175000
Property Features
Appliances: Electric Range; Refrigerator
Association Amenities: Management - Off Site
Construction Materials: Block; Concrete
Cooling: Wall/Window Unit(s)
Flooring: Laminate; Tile
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Owner Pays: Insurance; Management; Taxes
Parking Features: On Street
Pool Features: None
Possession: Close Of Escrow
Roof: Membrane; Shingle
Special Listing Conditions: Standard
Utilities: Other
Showing Considerations: Occupied
Showing Requirements: Appointment Only; No Sign
Listing Office: ASK4 Realty & Mgmt., Inc.
Last Updated: June - 17 - 2026
Information is deemed to be reliable, but is not guaranteed.