702 Oak Street , Melbourne Beach, FL 32951

$920,000

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Property Description

Located just 1.5 blocks to the ocean and 3 blocks to Ocean Avenue, this property is situated in an ideal location and boasts a .59 acre homesite. The options include maintaining it as an Income-producing property with tenants already in place--start generating returns from day one. Option two, live in one unit and rent the other (tenants are month to month). Option 3, the highest use, build a true custom home on a hard to find .59 acre lot! Currently, there is a 3-bedroom, 2-bath home offering approximately 1,552 square feet of living space and additionally a 1 bedroom cottage. The property presents strong upside potential for investors looking to enhance value over time, whether as a long-term rental or future renovation project. This home is Being sold as-is. Tenant occupied. Showings by appointment only.

702 Oak Street | MLS# 1075526

This multi-family property located at 702 Oak Street , Melbourne Beach, FL 32951 is currently listed for sale with an asking price of $920,000. Search Melbourne Beach real estate on www.janshields.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 2
Heating: Electric
Lot Size: 0.59 Acres
Roof Type: Shingle
Year Built: 1950
Square Feet: 2,212

Feature Descriptions

Common Amenities: Beach Access
Days on Site: 1
Equipment/ Appliances Features: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Exterior: Concrete, Stucco
Flooring: Tile, Vinyl
Lot: Corner Lot
Parking Notes: Garage
Sewer: Public Sewer
Utility Features: Electricity Available, Sewer Available, Water Available
Water: Public

Local Schools

High School: Melbourne
Middle School: Hoover
Elementary School: Gemini

Listed By / Shown By

Listed By

Agency Name: Golden Group Realty LLC
Agency Phone: 407-990-5905

Shown By

Agent Name: Jan Shields
Agent Phone: (904) 891-6331
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 4,920.35 per month $4,652.02 Principal & Interest $0.00 Property Tax (data not provided by mls) $268.33 Homeowner's Insurance

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