5695 S Highway A1a, Melbourne Beach, FL 32951
$1,100,000
Property Type:
Residential Income
Square Footage:
2,725
Lot Size (sq. ft.):
34,848
Status:
Closed
Current Price:
$1,100,000
List Date:
11/07/2016
Last Modified:
11/22/2024
Description
Buy the dream! Oceanfront property almost an acre with 4 income units that have been remodeled. Rent out short or long term. Plenty of room to build your dream home while you rent the units out or have as guest cottages. Units can be changed to condos and you can sell them individually. There is a laundry room. Property also has a security system. Many new updates including new plumbing, septic, new windows, electric, and AC units.
More Information MLS# 768285
Location, Tax, and Legal
Tax Account: 2954165
Parcel Number: 29-38-14-00-00253.0-0000.00
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 11692
Tax Year: 2016
Tax Legal Description: PART OF GOVT LOT 1 LYING EAST OF A1A AS DES IN ORB 1789 PG 66
Directions: A1A- Approx 7 miles south of Ocean Ave
General Property Information
Number Of Units Total: 4
Living Area: 2500
Living Area Source: Other
Building Area Total: 2725
Lot Size Acres: 0.9
Lot Size Dimensions: 357.0 ft x 100.0 ft
Lot Size Square Feet: 34848
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: Yes
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 480
Sold Price/SqFt: 440
Year Built: 1979
Remarks and Miscellaneous
Public Remarks: Buy the dream! Oceanfront property almost an acre with 4 income units that have been remodeled. Rent out short or long term. Plenty of room to build your dream home while you rent the units out or have as guest cottages. Units can be changed to condos and you can sell them individually. There is a laundry room. Property also has a security system. Many new updates including new plumbing, septic, new windows, electric, and AC units.
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: Alliance Title
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Flooring
Tile: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
VA Loan: 1
Parking Features
Other: 1
Pool Features
None: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 75000
Net Operating Income: 58000
Operating Expense: 17000
Owner Pays
Cable TV: 1
Grounds Care: 1
Insurance: 1
Security: 1
Taxes: 1
Trash Collection: 1
Roof
Shingle: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Separate Electric Meters: 1
Waterfront Features
Ocean Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Showing Considerations
Occupied: 1
Security System: 1
Historical Information
Public Historical Remarks 3: Possible Financing-Holding 1st: Y, Equipment/Appliances-Range: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $1,100,000
Original List Price: 1200000
Sold Price: $1,100,000
Status: Closed
Listing Contract Date: 2016-11-07
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 5695
Street Direction Prefix: S
Street Name: Highway A1a
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
Status Change Information
Major Change Timestamp: 2017-05-24T19:30:18Z
Major Change Type: Status Change
Status Change Timestamp: 2017-05-24
Purchase Contract Date: 2017-03-03
Close Date: 2017-05-24
Close Price: 1100000
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer
Construction Materials: Block; Concrete; Stucco
Flooring: Tile
Levels: One
Listing Terms: Cash; Conventional; VA Loan
Owner Pays: Cable TV; Grounds Care; Insurance; Security; Taxes; Trash Collection
Parking Features: Other
Pool Features: None
Roof: Shingle
Sewer: Septic Tank
Special Listing Conditions: Standard
Utilities: Cable Available; Separate Electric Meters
Waterfront Features: Ocean Front
Showing Considerations: Occupied; Security System
Showing Requirements: Appointment Only; Call Listing Office
Listing Office:
One Sotheby's International
Last Updated: November - 22 - 2024
Information is deemed to be reliable, but is not guaranteed.