1702 Riverview Drive

Melbourne, FL 32901

$1,595,000
Price
—
Beds
2,262 Sq. Ft.
$705 / Sq. Ft.
2,262
Sq. Ft.
$705
per Sq. Ft.

Description

Instant equity! Appraised at $1.8 Million in February 2024! 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,...Instant equity! Appraised at $1.8 Million in February 2024! 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 lot4.97-star rating from 800+ Airbnb reviews. All furnishings, supplies, and website are included in sale.
  1. Listed by Meghan Marleen O'Hara • Hoven Real Estate

Property Details for 1702 Riverview Drive

Directions
From 192, turn north onto Riverview Drive. From US1, turn East onto Columbus Avenue.Property is on the SW corner of Riverview Dr and Columbus Ave.

Location

Listing Courtesy of Hoven Real Estate, Meghan Marleen O'Hara
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LISTING UPDATED: 02/28/2024 02:47 PM

Property Details for 1702 Riverview Drive

StatusActive
MLS #966016
Days on Market343
Taxes$4,507 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1937
Lot Size0.18 AC / 7,840 SF
CountyBrevard County

Location

Listing Courtesy of Hoven Real Estate, Meghan Marleen O'Hara
Add your commute

Building Information for 1702 Riverview Drive

Stories-Residences5Year Built1937Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$9,080 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$376

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1702 Riverview Drive

Summary
Location and General Information
  • City: Melbourne
  • State/Province: FL
  • County: Brevard
  • Geo Lat: 28.082594
  • Geo Lon: -80.603996
  • Absolute Longitude: 80.603996
  • Schools: Elementary School: University Park
  • Schools: Middle School: Hoover
  • Schools: High School: Melbourne
  • General County Loc: South
Taxes and HOA Information
  • Taxes: $4,507.49
  • Tax Year: 2023
  • Tax Acct: 2816906
  • Tax ID: 28-37-02-Fd-00009.0-0001.00
Property
Lot Information
  • SqFt - Living: 2262.0
  • SqFt - Total: 2480.0
  • Lot SqFt: 7841.0
  • Year Built: 1937
  • Picture Count: 103
  • Lot Description: Corner Lot, Historic Area
  • Acreage: 0.18
  • Var Comm: No
  • Current Adjacent Use: Multi-Family
Property and Assessments
  • Construction: Frame, Wood Siding
  • Docs on File: 2
  • Res Sub-Type: LLC
  • Legal/Misc: 55+ Community: No
  • MLS Approved: Y
  • Type of Service: Full Service
  • Prop Type: B
  • Sub Type: Quadruplex
  • Use Code: 08 / MULTIPLE LIVING
  • To Be Constructed: No
Utilities
  • Utilities: Sewer or Septic: Public Sewer
  • Utilities: Water Type: Public
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available
Owner Name
  • Owner Name: Property Marks Llc
Interior and Exterior Features
Exterior Features
  • Roof: Metal
  • # of Units: 5
  • Buildings: 2
  • Pool Features: None
  • Flooring: Tile,Vinyl
Interior Features
  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Heat: Other
  • Equipment/Appliances: Disposal, Dryer, Electric Range, Instant Hot Water, Microwave, Refrigerator, Washer
Multi Family
Multi-Family Information
  • Unit 1 Details: Actual Rent: 33000.0
  • Unit 1 Details: Baths Total: 1.0
  • Unit 1 Details: Beds Total: 0.0
  • Unit 1 Details: Furnished: Furnished
  • Unit 1 Details: Unit ID: A
  • Unit 1 Details: Unit Remarks: Fully Furnished
  • Unit 1 Details: Unit SqFt: 320.0
  • Unit 2 Details: Actual Rent: 34000.0
  • Unit 2 Details: Baths Total: 1.0
  • Unit 2 Details: Beds Total: 1.0
  • Unit 2 Details: Furnished: Furnished
  • Unit 2 Details: Unit ID: B
  • Unit 2 Details: Unit Remarks: Fully Furnished
  • Unit 2 Details: Unit SqFt: 403.0
  • Unit 3 Details: Actual Rent: 37000.0
  • Unit 3 Details: Baths Total: 1.0
  • Unit 3 Details: Beds Total: 1.0
  • Unit 3 Details: Furnished: Furnished
  • Unit 3 Details: Unit ID: C
  • Unit 3 Details: Unit Remarks: Fully Furnished
  • Unit 3 Details: Unit SqFt: 403.0
  • Unit 4 Details: Actual Rent: 35000.0
  • Unit 4 Details: Baths Total: 1.0
  • Unit 4 Details: Beds Total: 1.0
  • Unit 4 Details: Furnished: Furnished
  • Unit 4 Details: Unit ID: D
  • Unit 4 Details: Unit Remarks: Fully Furnished
  • Unit 4 Details: Unit SqFt: 403.0
  • Unit 5 Details: Actual Rent: 47000.0
  • Unit 5 Details: Baths Total: 1.0
  • Unit 5 Details: Beds Total: 2.0
  • Unit 5 Details: Furnished: Furnished
  • Unit 5 Details: Unit ID: Cottage
  • Unit 5 Details: Unit Remarks: Fully Furnished
  • Unit 5 Details: Unit SqFt: 650.0
  • Selling Terms Code: Cash, Conventional
Agent
Agent Information
  • Closing Co. Name: Law office of Tracy A Cornish, PA(321) 425-5997Tracy.cornish@tacornishlaw.com
  • Closing Co. Address: 524 N Harbor City Blvd Melbourne, FL 32935
Sale and Listing
  • Cumulative DOM: 278
  • Days On Market: 278
  • Possession: Close Of Escrow
Showing and Remarks
  • Showing: Appointment Only, Call Listing Agent
  • Appointment Phone: 321-522-1771

Property History for 1702 Riverview Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1702 Riverview Drive

Taxable ValueLand$64,380Additions$192,740Total$257,120
Tax Record2023$4,695 ($391 / month)
Home Facts
Total Finished SqFt1,812 SqFtAbove Grade Finished SqFt1,812 SqFtStories2Lot Size7,841 SqFtStyleQuadraplexYear Built1937Year Renovated2010ZoningC2CountyBREVARDAPN28-37-02-FD-00009.0-0001.00Fireplace TypeHas Fireplace

Schools near 1702 Riverview Drive

This home is within Brevard.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
University Park Elementary School
PublicPK to 6

Herbert C. Hoover Middle School
Public7 to 8

Melbourne Senior High School
Public9 to 12

Westshore Junior/Senior High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1702 Riverview Drive is a multi-family home for sale in Melbourne, FL 32901. This property was listed for sale on May 26, 2023 by Hoven Real Estate, it's currently listed at $1,595,000. It has been on the market for a total of 343 days and was last sold on September 6, 2019. This listing's school district is Brevard. Nearby schools include University Park Elementary School, Herbert C. Hoover Middle School and Melbourne Senior High School. 1702 Riverview Drive is a 0-bed, 0-bath, 2,262 sqft multi-family home built in 1937.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hoven Real Estate, Meghan Marleen O'Hara

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 02/28/2024 02:47 PM