1760&1766 Mason Terrace, Melbourne, FL 32935
- $599,900
- 5
- BD
- 4
- BA
- 2,432
- SqFt
- List Price
- $599,900
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 1088372
- Year Built
- 1985
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,432
- Lot Size
- 11,326
- Acres
- 0.26
- MLS Area Major
- Eau Gallie
Property Description
ASSUMABLE 3.75% MORTGAGE! Approx. $335K loan balance available to a qualified buyer. Skip today's rates and step into a low-rate, income-producing duplex in Melbourne. This concrete block duplex offers two well-sized units, each with its own 1-car garage. Unit one is a 3 bed, 2 bath with additional parking, and unit two is a 2 bed, 2 bath. Major updates are already done: impact-rated windows throughout, 2019 roof, a 2021 AC system on one side, and a 2016 air handler on the other. Both units are occupied by long-term tenants paying $1,700 and $1,500 per month ($38,400 per year gross), with leases ending in December. That gives you flexibility to keep the steady income, raise rents, or live in one side and rent the other. City water and sewer. Low-rate financing, solid construction, and proven rental history make this a strong fit for investors and house-hackers.
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Additional Information
- Floor
- Carpet, Tile
- Appliances
- Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
- Utilities
- Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Concrete
- Roof
- Shingle
- Garage Spaces
- 2
- Elementary School
- Creel
- Middle School
- Johnson
- High School
- Eau Gallie
Listing courtesy of Denovo Realty.
Listing courtesy of Denovo Realty.
Courtesy of Denovo Realty.