5001 Malabar Boulevard 101, 102, 103, 104, Melbourne Beach, FL 32951 (MLS# 967532)

5001 Malabar Boulevard 101, 102, 103, 104, Melbourne Beach, FL 32951

$1,700,000
Property Type: Residential Income Square Footage: 4,900 Lot Size (sq. ft.): 21,344 Status: Closed
Current Price: $1,700,000 List Date: 6/14/2023 Last Modified: 10/23/2024

Overview

Description

RARE INCOME PRODUCING OPPORTUNITY!!! Welcome to Water Lily- FOUR 2/2 UNITS, elegantly renovated, with the option to maximize returns through PERMITTED SHORT TERM RENTALS! Located in the quaint coastal town of Melbourne Beach, FL, this block constructed quad was built in 1987 and is nestled on a .49 acre lot, across from the Atlantic Ocean with A1A frontage for advertising, there is room to add outdoor amenities, or expand revenue streams with RV rentals. ONE BLOCK serene walk to BEACH ACCESS with private feeling, untouched beaches. Vacationers and tenants alike will enjoy 1 car garages, fully fenced back yards, vaulted ceilings, walk in closets, full size washers and dryers, and huge screened porches. Some big ticket upgrades other than the full cosmetic interior/exterior, are

Supplements: hurricane impact windows, water heaters, matching new Whirlpool appliances, and commercial water system offering clean, odorless water with no staining (see docs for full list). Separately metered electric, shared Artesian well with oversized septic, block wall between units and firebreak in attic, offers option to split units and sell individually ...

Listing Details MLS# 967532

General Property Information

Number Of Units Total
4
Living Area
3722
Living Area Source
Public Records
Building Area Total
4900
Year Built
1987
Garage YN
No
Carport YN
No
Lot Size Acres
0.49
Lot Size Square Feet
21344
Association YN
No
Use Code
08 / QUADRUPLEX
Water Body Access YN
No
Waterfront YN
No
Pool Private YN
No
List Price/SqFt
470.18
Sold Price/SqFt
456.74

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Softener Owned Construction Materials: Block; Concrete; Stucco Cooling: Central Air Flooring: Vinyl Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Owner Pays: Other Parking Features: Attached; RV Access/Parking Pool Features: None Possession: Close Of Escrow Road Surface Type: Paved Roof: Shingle Sewer: Septic Tank Special Listing Conditions: Standard Utilities: Electricity Connected; Separate Electric Meters; Water Available Water Source: Well Showing Requirements: Lockbox; Showing Service

Contract Information

Original List Price
1880000
Listing Contract Date
2023-06-14
Property Sub Type
Quadruplex

Location Tax and Legal

Street Number
5001
Street Name
Malabar
Street Suffix
Boulevard
County
Brevard
State
FL
Postal Code
32951
MLS Area Major
385 - South Beaches

Remarks and Miscellaneous

Public Remarks
RARE INCOME PRODUCING OPPORTUNITY!!! Welcome to Water Lily- FOUR 2/2 UNITS, elegantly renovated, with the option to maximize returns through PERMITTED SHORT TERM RENTALS! Located in the quaint coastal town of Melbourne Beach, FL, this block constructed quad was built in 1987 and is nestled on a .49 acre lot, across from the Atlantic Ocean with A1A frontage for advertising, there is room to add outdoor amenities, or expand revenue streams with RV rentals. ONE BLOCK serene walk to BEACH ACCESS with private feeling, untouched beaches. Vacationers and tenants alike will enjoy 1 car garages, fully fenced back yards, vaulted ceilings, walk in closets, full size washers and dryers, and huge screened porches. Some big ticket upgrades other than the full cosmetic interior/exterior, are

Status Change Information

Major Change Timestamp
2023-11-11T03:50:04Z
Major Change Type
Price Reduced
Price Change Timestamp
2023-07-07T18:25:19Z
Status Change Timestamp
2023-08-21
Purchase Contract Date
2023-07-22
Close Date
2023-08-21
Close Price
1700000

More Information

Closing Company Details

Closing Company Name
Jeremy Rannings- Prestige Title of Brevard
Closing Company Address
2150 Highway US1 Palm Shores, FL 32940

Historical Information

Public Historical Remarks 3
Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building
Listing Office: Florida Homes Rlty. & Mtg. LLC
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.

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