$350,000
Palm Bay, FL 32905
MLS# 1018406
Status: Closed
4 beds | 4 baths | 2096 sqft
1 / 43
Property Description
This property is currently generating income with a vacation rental in the main home and a tenant in the guest home. Ideal for multigenerational living or as an investment opportunity, this property is located on a 1/2 an acre. The main home features four bedrooms, two bathrooms, and an upgraded kitchen. The guest home is a studio with a private bathroom and walk-in closet. The property is being sold fully furnished. The home is connected to city water and septic, with city sewer available. Recent updates include a roof installed in 2022, both AC units in 2021, and water heaters in 2021. There is ample parking for RVs, boat trailers, and multiple vehicles. Enjoy a short walk to the Indian River and the convenience of nearby shopping, restaurants, theaters, and hospitals. Downtown Melbourne is just an eight-minute drive away!
Details
Maps
Contract Information
Start Showing Date: 2024-07-02
Current Price: $350,000
OriginalListPrice: 400000
Sold Price: $350,000
Status: Closed
Listing Contract Date: 2024-07-02
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2832757
Parcel Number: 28-37-24-25-00027.0-0030.00
General County Location: South
Elementary School: Palm Bay Elem
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 4875.88
Tax Year: 2022
Tax Legal Description: TILLMAN, PLAT OF LOTS 30 TO 33 BLK 27
Directions: From US Hwy 1, west on Palm Bay Road. Right on main St, left on Stearns. Home is on the left.
General Property Information
Number Of Buildings: 2
Number Of Units Total: 2
Stories Total: 1
Bathrooms Half: 0
Living Area: 2096
Living Area Source: Appraiser
Building Area Total: 2096
Lot Size Acres: 0.59
Lot Size Square Feet: 25700
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Furnished
Stories: 1
Entry Level: 1
Direction Faces: North
Pool Private YN: No
List Price/SqFt: 190.84
Sold Price/SqFt: 166.98
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1956
Remarks and Miscellaneous
Public Remarks: This property is currently generating income with a vacation rental in the main home and a tenant in the guest home. Ideal for multigenerational living or as an investment opportunity, this property is located on a 1/2 an acre. The main home features four bedrooms, two bathrooms, and an upgraded kitchen. The guest home is a studio with a private bathroom and walk-in closet. The property is being sold fully furnished.
The home is connected to city water and septic, with city sewer available. Recent updates include a roof installed in 2022, both AC units in 2021, and water heaters in 2021. There is ample parking for RVs, boat trailers, and multiple vehicles. Enjoy a short walk to the Indian River and the convenience of nearby shopping, restaurants, theaters, and hospitals. Downtown Melbourne is just an eight-minute drive away!
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: State Title Partners - Sandi Toth
Closing Company Address: 300 West Fee Ave Melbourne Florida 32901
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
Residential: 1
Single Family: 1
DPR Eligible
DPR Eligible: Yes
Flooring
Vinyl: 1
Heating
Central: 1
Laundry Features
In Unit: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Other Structures
Guest House: 1
Parking Features
Off Street: 1
RV Access/Parking: 1
Shared Driveway: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 19951.19
Unit SqFt: 1760
Beds Total: 4
Full Baths Total: 3
Furnished: Furnished
Unit Remarks: Main home is a vacation rental
Unit 2 Details
Unit ID: 2
Actual Rent: 16800
Unit SqFt: 336
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Guest home is a studio apartment
Utilities
Electricity Connected: 1
Sewer Available: 1
Water Connected: 1
View
Trees/Woods: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Location Tax and Legal
Street Number: 2876
Street Name: Stearns
Street Suffix: Avenue
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: Tillman Plat of
Status Change Information
Major Change Timestamp: 2024-12-11T00:08:55Z
Major Change Type: Status Change
StatusChangeDate: 2024-12-10
Purchase Contract Date: 2024-11-06
Close Date: 2024-12-06
Close Price: 350000
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Multi-Family; Residential; Single Family
Flooring: Vinyl
Heating: Central
Laundry Features: In Unit
Listing Terms: Cash; Conventional; FHA; VA Loan
Other Structures: Guest House
Parking Features: Off Street; RV Access/Parking; Shared Driveway
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Septic Tank
Special Listing Conditions: Standard
Utilities: Electricity Connected; Sewer Available; Water Connected
View: Trees/Woods
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: RE/MAX Aerospace Realty
Last Updated: August - 19 - 2026
Information is deemed to be reliable, but is not guaranteed.