$399,000
Estimated Payment$1,884/mo
Multi-Family For SalePrice Drop -$26,000

840 Adger Smith Lane, Melbourne, FL 32935

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2,666Sq. Ft.
1-Story Multi-Family Home In Melbourne

Great Investment Opportunity. Single Story Cbs Triplex and Frame Duplex (5 Rentable Units) in Melbourne, just across the street from the River. Units are currently rented month to month. There are Four 1 Bedroom 1 Bath and One 2 Bedroom 1 Bath. Triplex has 1754 liv. sqft and the duplex has 912 liv. sqft. All units are not identical. This is a fixer upper, Triplex has central Ac (10yrs old), Duplex has Ac wall units, flat older membrane roof. Landlord pays water 1 meter, tenants pay electric on separate meters. Currently rent is between $600 - $800. Property has lots of potential for long term tenants or Airbnb. Zoned multi-family but close to businesses that it could be low-e commercial. Close to Eau Gallie Cswy, Beaches and Restaurants.

840 Adger Smith Lane is a multi family-home located in Brevard, the 32935 ZIP Code, and the Harbor City Elementary School, Herbert C. Hoover Middle School, and Melbourne High School attendance zones.

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840 Adger Smith Lane
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Location
840 Adger Smith Lane Melbourne, FL 32935
Home Details

Listing Details

General

  • Total Number of Units: 5

    Interior Details

    Utilities

    • Cooling Details: Central Air, Electric, Wall Window
    • Utilities: Cable Available, City Water, Electricity Connected, Sewer Connected
    • Heating: Electric

    General

    • Flooring: Tile
    • Appliances: Electric Range, Refrigerator

    Financial Details

    Expenses

    • Rent Includes: Re Taxes, Water

      Tax Details

      • Zoning: mulit family
      • Annual Tax Amount: 2633

      Property Details

      General

      • Stories: 1
      • Lot Features: City Lot, Paved Street, West of US1
      • Building Features: 2 Buildings

      Construction Details

      • Roof: Membrane
      • Architectural Style: One Story
      • Construction Materials: Concrete Block, Frame Wood, Painted, Stucco

      Parking

      • Garage: 0 0
      • Parking Features: Open Parking
      • Other Parking: Open Parking

      Location Details

      Region

      • City/Region: 323 Eau Gallie

        MLS Details

        General

        • Days on Homes.com: 99
        • MLS Number: 933941
        • Listed: 5/6/2022
        • Last Updated: 8/11/2022
        • Offered By: Re/Max Aerospace Realty
        • Listing Source: Space Coast Mls
        Monthly Payment Calculator

        $1,884

        Estimated Mortgage
        Principal & Interest
        $1,346
        Insurance
        $140
        Taxes
        $399
        Mortgage Insurance
        $0
        i
        Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
        i
        If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
        Price History
        • DateEventPrice
        • 07/06/2022$26,000$399,000
          Source: Space Coast MLS
        • 05/06/2022listed$425,000
          Source: Space Coast MLS
        Nearby Schools
        School data provided by GreatSchools
        i
        The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
        Points of Interest

        Airports

        Distance
        • Melbourne International
          4.0 mi

        Colleges

        Distance
        • Florida Tech
          4.4 mi
        • EFSC Melbourne Campus
          5.2 mi

        Military Bases

        Distance
        • Patrick Air Force Base
          11.1 mi
        • John F Kennedy Space Center
          33.5 mi

        Shopping Centers

        Distance
        • Apollo/Samo Shopping Center
          0.8 mi
        • Shoppes Of Hidden Harbor
          0.8 mi
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        Listing Agent
        Rhonda Pavone
        RE/MAX Aerospace Realty
        Melbourne, FL
        Continue Your Search

        $399,000

        2,666 Sq. Ft.

        840 Adger Smith Lane

        Melbourne, FL 32935

        Rhonda Pavone
        RE/MAX Aerospace Realty