842 Torrence Ln Melbourne, FL 32935
Estimated payment $1,392/month
Highlights
- No HOA
- Tile Flooring
- North Facing Home
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wood Siding
About This Home
PRIME LOCATION! Sarno & US1 Investment Opportunity 🌴Run your business and live here, or generate immediate passive income! Located in the heart of Melbourne, this flexible residential/professional property gives you endless options on a budget. Income Potential: Studio: Market rent at $925/month2-Bedroom: Currently occupied at $1400/month Total Gross: $2,325/month ($27,900/year) Endless Possibilities: Live-Work: Operate your small business in the studio and live in the 2-bedroom. Short-Term Rentals: Convert into two lucrative Airbnb/vacation suites. Full Business/Residence: Open it up for a commercial enterprise/retail/real estate/spa suite or a single-family home. We have the space--you have the vision. Let's make it happen! Reach out today to schedule a tour and make your dreams a reality.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,752
Year Built
- Built in 1947
Lot Details
- 4,792 Sq Ft Lot
- North Facing Home
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Wood Siding
- Asphalt
Interior Spaces
- 1,026 Sq Ft Home
- 1-Story Property
- Electric Range
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Off-Street Parking
- Unassigned Parking
Schools
- Harbor City Elementary School
- Hoover Middle School
- Melbourne High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 27-37-21-50-0000a.0-0007.00
Community Details
Overview
- No Home Owners Association
- 2 Units
- Melbogallie Subd Subdivision
Building Details
- Gross Income $27,900
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/30/2026 05/30/26 | For Sale | $229,900 | -- | $224 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1078627
APN: 27-37-21-50-0000A.0-0007.00
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.