NOT LISTED FOR SALE

1025 E Lincoln Ave Melbourne, FL 32901

-- Bed
-- Bath
7,593 Sq Ft
0.4 Acres

Last Sold May 29, 2013

Last sale price $330,000 $43 Per Sq Ft

130 Days on Market

Highlights

  • River Front
  • Wood Flooring
  • Wood Siding
  • 0.4 Acre Lot
  • No HOA

About This Home

As of May 2013

REDUCED $100,000 FOR QUICK SALE!!!Great Downtown Melbourne Direct Riverfront Property with four buildings. Total of eight units, 4 units rent for $600 each, one rents for $500, two rent for $450 each and the two bedroom cottage rents for $700.The property is zoned C-1 city of Melbourne commercial and has many possible uses.Land is 105 X 165 or .4 acres.

Last Agent to Sell the Property

Henry Saunders

One Sotheby's International License #113311 Listed on: 11/29/2012

One Sotheby's International

Last Buyer's Agent

Andrew Ferreira

Engel & Voelkers Melb Downtown License #3266047

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 165 x 105
  • River Front

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 7,593 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Electric Range

Parking

  • 6 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • University Park Elementary School
  • Melbourne High School

Listing and Financial Details

  • The owner pays for insurance, taxes
  • Assessor Parcel Number 283702FC000100000100

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Camps Plat Of Melbourne Subdivision

Building Details

  • Operating Expense $16,810
  • Gross Income $54,000
  • Net Operating Income $37,190

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Reso Property Sub Type: Multi Family
  • Water Body Name: Indian River
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Camps Plat of Melbourne
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One, Two
  • Location Tax and Legal Parcel Number2: 283702FC000100000100
  • Location Tax and Legal Elementary School: University Park
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 8401.25
  • Location Tax and Legal Tax Year2: 2012
  • General Property Information Living Area2: 7593.0
  • General Property Information Building Area Total3: 6043.0
  • General Property Information Lot Size Acres: 0.4
  • General Property Information Lot Size Square Feet2: 17424.0
  • General Property Information Waterfront YN: Yes
  • General Property Information Senior Community YN: No
  • Appliances Refrigerators: Yes
  • Flooring Wood: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Levels Two: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 165 x 105
  • General Property Information Number Of Units Total2: 8.0
  • General Property Information Water Frontage Feet: 4
  • Gross Scheduled Income: 54000.0
  • Income And Expenses Operating Expense: 16810.0
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Electric Range, Refrigerator
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.4
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Frame, Stucco, Wood Siding
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 8.0
  • General Property Information:Open Parking Spaces2: 6.0

Utilities

  • Utilities: Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Dimensions: 165 x 105
  • Lot Size Sq Ft: 17424.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 283702FC000100000100
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Insurance, Taxes, Other

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 8401.25

Multi Family

  • Number Of Units Total: 8
  • Annual Operating Expense: 16810.0
  • Income And Expenses Net Operating Income: 37190.0

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2013 05/29/13 Sold $330,000 -40.0% $43 / Sq Ft
04/06/2013 04/06/13 Pending -- -- --
11/27/2012 11/27/12 For Sale $550,000 -- $72 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Agents Affiliated with this Home

  • H

    Seller's Agent in 2013

    Henry Saunders

    One Sotheby's International

    Section Image

  • A

    Buyer's Agent in 2013

    Andrew Ferreira

    Engel & Voelkers Melb Downtown

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 655094

Space Coast MLS (Space Coast Association of REALTORS®)
Florida Brevard County Melbourne 32901

1025 E Lincoln Ave, Melbourne, FL

Not Listed for Sale

MultiFamily

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