5001 Malabar Boulevard 101, 102, 103, 104, Melbourne Beach, FL 32951
Overview
Description
Supplements: ... (Read more) 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. Newer AC's, all have been serviced, and 2013 roof in excellent condition. Smart locks on every front door, makes for easy access for all. Minutes to daily needs and local attractions such as Sebastian Inlet and Cocoa Beach, 1.5 hours to Orlando, 3 hours to Tampa and Miami Beach. Whether using a 1031 exchange or hedging against inflation, these well appointed, sophisticated, quality built units create a rare and perfect opportunity for a savvy investor to take advantage of the booming beachside rental market in FL, while gaining appreciation, virtually maintenance free for many years to come!
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
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