1760&1766 Mason Terrace, Melbourne, FL 32935
- $599,900
- 5
- BD
- 4
- BA
- 2,432
- SqFt
- List Price
- $599,900
- MLS#
- 1088372
- Status
- ACTIVE
- Type
- Multifamily
- County
- Brevard
- City
- Melbourne
- Area
- Eau Gallie
- Subdivision
- Country Club Gardens Subd
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,432
- Total Square Feet
- 11,326
- Acres
- 0.26
- Year Built
- 1985
- Days on Market
- 1
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
- Tax Year
- 2025
- Tax Amount
- $5,555
- Exterior Features
- Impact Windows
- Equipment And Appliances
- Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
- Utilities
- Sewer Connected, Water Connected
- Exterior Finish
- Concrete
- Construction
- Concrete
- Roof
- Shingle
- Floor
- Carpet, Tile
- Parking
- Additional Parking, Attached
- Parking Spaces
- 8
- Garage Spaces
- 2
- Elementary School
- Creel
- Middle School
- Johnson
- High School
- Eau Gallie
Mortgage Calculator
Listing courtesy of Denovo Realty.