$350,000
SOLD MAR 25, 2025

1778 Guava Ave Melbourne, FL 32935

5 Beds
3 Baths
1,846 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$190 Per Sq Ft

10% Below List Price

14 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Laundry in multiple locations
  • No HOA
  • Tile Flooring
  • East Facing Home

About This Home

As of March 2025

INVESTMENT OPPORTUNITY in a Prime Location! This versatile triplex is a fantastic opportunity for investors or owner-occupants looking to generate rental income. Amazing location just up the street from Eau Gallie Historic District with great bars, restaurants and shops! This property offers 3 units: Unit 1776 has 2 bedrooms, 1 bath and 2020 Updated Kitchen with Washer/Dryer Hookup; Unit 1778 has 2 bedrooms, 1 bath and 2024 Updated Bathroom with Washer/Dryer Hookup; and Unit 1780 has 1 bedroom, 1bath which is the North end unit. While some updates have been made - including new roof in 2021, there's still room for improvement, allowing you to add value and increase rent potential. With a little TLC, this property could truly shine! Whether you're looking to renovate and flip or hold as long-term investment, this triplex is a fantastic opportunity and priced to sell. Don't miss out! Schedule a showing today!

Last Agent to Sell the Property

Lauren VanWie

RE/MAX Aerospace Realty License #644439 Listed on: 02/14/2025

RE/MAX Aerospace Realty

Last Buyer's Agent

Vickie Dittman

ITG Realty License #677187

ITG Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,264

Year Built

  • Built in 1956

Lot Details

  • 8,712 Sq Ft Lot
  • East Facing Home
  • Wood Fence
  • Corner Lot

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 1,846 Sq Ft Home
  • 1-Story Property
  • Electric Range

Flooring

  • Tile
  • Terrazzo
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in multiple locations
  • Washer and Electric Dryer Hookup

Schools

  • Creel Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Separate Meters
  • Separate Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, sewer, water
  • Assessor Parcel Number 27-37-16-25-00029.0-0015.00

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Eau Gallie Village Plat Of Subdivision

Building Details

  • Operating Expense $5,000
  • Gross Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,264

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1956
  • Reso Property Sub Type: Triplex
  • ResoLaundryFeatures: Multiple Locations, Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Corner Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Eau Gallie Village Plat of
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-37-16-25-00029.0-0015.00
  • Location Tax and Legal Elementary School: Creel
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 4263.57
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Living Area2: 1846.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: East
  • Appliances Refrigerators: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels One: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Flooring Terrazzo: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Stories Total: 1
  • Utilities Sewer Available: Yes
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Gross Scheduled Income: 26000.0
  • Income And Expenses Operating Expense: 5000.0
  • Utilities Electricity Available: Yes
  • Cooling WallWindow Unit(s): Yes
  • Utilities Separate Electric Meters: Yes
  • Utilities Separate Water Meters: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Location Tax and Legal Zoning Description2: Multi Family
  • General Property Information CDD Fee YN: No
  • Laundry Features Multiple Locations: Yes
  • Marketing Remarks:Marketing Remarks: INVESTMENT OPPORTUNITY in a Prime Location! This versatile triplex is a fantastic opportunity for investors or owner-occupants looking to generate rental income. Amazing location just up the street from Eau Gallie Historic District with great bars, restaurants and shops! This property offers 3 units: Unit 1776 has 2 bedrooms, 1 bath and 2020 Updated Kitchen with Washer/Dryer Hookup; Unit 1778 has 2 bedrooms, 1 bath and 2024 Updated Bathroom with Washer/Dryer Hookup; and Unit 1780 has 1 bedroom, 1bath which is the North end unit. While some updates have been made - including new roof in 2021, there's still room for improvement, allowing you to add value and increase rent potential. With a little TLC, this property could truly shine! Whether you're looking to renovate and flip or hold as long-term investment, this triplex is a fantastic opportunity and priced to sell. Don't miss out! Schedule a showing today!
  • General Property Information:Pool Private YN: No
  • General Property Information Water Body Access YN2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Terrazzo, Tile, Vinyl
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Wood
  • Acres: 0.2
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: East
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other
  • General Property Information:Garage YN: No
  • Parking Features:Other26: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available, Separate Electric Meters, Separate Water Meters
  • Heating: None
  • Cooling Y N: Yes
  • HeatingYN: No
  • Water Source: Public
  • Heating:None3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Current Use: Investment, Multi-Family, Residential
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-16-25-00029.0-0015.00
  • Zoning Description: Multi Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4263.57

Multi Family

  • Number Of Units Total: 3
  • Income Includes: ["Rent Only"]
  • Annual Operating Expense: 5000.0

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2025
Closed on
Mar 25, 2025
Sold by
Young William R and William R And Kristin M Young Revocable
Bought by
Toraya Ann Marie
Seller's Agent
Lauren VanWie
RE/MAX Aerospace Realty
Buyer's Agent
Vickie Dittman
ITG Realty
List Price
$390,000
Sold Price
$350,000
Premium/Discount to List
-$40,000
-10.26%
Views
10
Current Estimated Value
$361,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,000
Avg. Annual Appreciation
3.99%

Purchase Details

Closed on
Oct 27, 2009
Sold by
Sharp Marlene and Herner Philip G
Bought by
The William R & Kristin M Young Revocabl

Purchase Details

Closed on
Aug 10, 2007
Sold by
Young William R
Bought by
Young William R and Young Kristin M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 Prestige Title Of Brevard
Warranty Deed $350,000 Prestige Title Of Brevard
Warranty Deed -- Attorney
Warranty Deed $32,500 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2025 03/25/25 Sold $350,000 -10.3% $190 / Sq Ft
02/28/2025 02/28/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $390,000 -- $211 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,264 $345,600 -- --
2024 $4,007 $313,200 -- --
2023 $4,007 $295,800 $0 $0
2022 $3,022 $182,520 $0 $0
2021 $2,738 $139,870 $50,000 $89,870
2020 $2,560 $133,270 $50,000 $83,270
2019 $2,398 $115,880 $50,000 $65,880
2018 $2,273 $110,000 $0 $110,000
2015 $1,964 $78,100 $35,000 $43,100
2014 $1,753 $71,000 $35,000 $36,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1037336

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-16-25-00029.0-0015.00