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Team Coley at Atlantic Shores Realty Expertise ERA Powered
1760&1766 Mason Terrace, Melbourne, FL 32935
- $599,900
- 5
- BD
- 4
- BA
- 2,432
- SqFt
- List Price
- $599,900
- MLS#
- 1088372
- Bedrooms
- 5
- Bathrooms
- 4
- Sq. Ft
- 2,432
- Lot Size
- 11,326
- Subtype
- Duplex
- County
- Brevard
- Subdivision
- Country Club Gardens Subd
- Year Built
- 1985
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.
Additional Information
- Construction
- Concrete
- Cooling
- Central Air
- Heating
- Central
- Parking
- Additional Parking, Attached
- Roof
- Shingle
- Utilities
- Sewer Connected, Water Connected
- Acres
- 0.26
- Price Per Sqft
- $246
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Listing courtesy of Denovo Realty. Contact: