Contingent
1702 Riverview Drive
Melbourne FL, 32901
$1,795,222
$723.88 per sqft
Contingent
2,480 sqft
Multi-family
Built in 1937
Turnkey Short-Term Rental Opportunity in Downtown Melbourne!
This .18 acre property is perfect for investors who want to enter the booming STR market or expand their portfolio. The Riverview was completely remodeled in 2020, offering a modern aesthetic while preserving old-Florida charm.
This conveniently located property includes:
*A 2/1 cottage with laundry room and screened porch
*A 2-story quadplex with three 1/1 apartments, a studio, and a shared laundry room. Intracoastal is visible from 2nd floor.
*Buildable C2-zoned corner lot
4.97-star rating from 800+ Airbnb reviews. All furnishings, supplies, and website are included in sale.
Last 12 months rental income: $205K gross; $160K net. Numbers continue to climb every year! Asking price reflects a 9% CAP rate.
966016
MLSⓇ ID
May 26, 2023
Listed
May 9, 2024
Updated
Map
1702 Riverview Drive
Melbourne FL, 32901
Interior Features
Appliances
Built-In Electric Oven, Built-In Microwave, Electric Range, Laundry-Hookup, Disposal, Dryer, Refrigerator, Washer, Cook Top Only
Floor Description
Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central, Electric, Wall - Window, Central Air
Heating
Yes
Heating Description
Space Heater, Electric
Exterior/Building Features
Lot Size
0.18 Acres
Lot Features
Historic Area, Sidewalks, Paved Street, East of US 1, Corner Lot
Architectual Style
Two Story, One Story
Roof
Metal
School Information
High School
Melbourne
Elementary School
University Park
Other Property Details
Area Name
330 - Melbourne
Taxes
$4,306
Tax Frequency
Annually
Garage
No
View
No
County
Brevard
Pool
No
Zoning
C2
Courtesy of Hoven Real Estate, Meghan Marleen O'Hara,
Listing Contact: 321-522-1771
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Local Life shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.
