702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
702 Oak ST, Melbourne Beach, FL 32951
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Shane Burgman

Shane Burgman

+1(321) 408-0200
$ 920,000
Est. payment | /mo

2,212 SqFt

Save Virtual Tour
$ 920,000
Est. payment | /mo
Save Virtual Tour

2,212 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,212 sqft

Price per Sqft $415

Subdivision Sunset Bay Subd

MLS Listing ID 1075526

HOA Y/N No

Total Fin. Sqft 2212

Year Built 1950

Annual Tax Amount $13,256

Tax Year 2025

Lot Size 0.590 Acres

Acres 0.59

Property Sub-Type Multi Family

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

Property Description

Located just 1.5 blocks to the ocean and 3 blocks to Ocean Avenue, this property is situated in an ideal location and boasts a .59 acre homesite. The options include maintaining it as an Income-producing property with tenants already in place--start generating returns from day one. Option two, live in one unit and rent the other (tenants are month to month). Option 3, the highest use, build a true custom home on a hard to find .59 acre lot! Currently, there is a 3-bedroom, 2-bath home offering approximately 1,552 square feet of living space and additionally a 1 bedroom cottage. The property presents strong upside potential for investors looking to enhance value over time, whether as a long-term rental or future renovation project. This home is Being sold as-is. Tenant occupied. Showings by appointment only.

Location

State FL

County Brevard

Area 384-Indialantic/Melbourne Beach

Direction From US Highway 1. Head west on US-192/E New Haven Ave, turn left onto Oak St, and continue to 702 Oak St which will be on your right at the corner of Sunset & Oak.

Interior

Heating Electric

Cooling Central Air

Flooring Tile, Vinyl

Fireplaces Number 1

Fireplace Yes

Appliance Dishwasher, Electric Cooktop, Electric Oven, Refrigerator

Exterior

Exterior Feature ExteriorFeatures

Parking Features Garage

Garage Spaces 2.0

Utilities Available Electricity Available, Sewer Available, Water Available

Amenities Available Beach Access

Roof Type Shingle

Present Use Investment,Multi-Family,Residential

Garage Yes

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

Elementary Schools Gemini

High Schools Melbourne

Others

Senior Community No

Tax ID 28-38-06-78-00000.0-0048.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.virtualtourcafe.com/mls/10005169

Space Coast Association of Realtors (Brevard MLS)
Listed by Golden Group Realty LLC

Nearby Locations

Shane Burgman

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(321) 408-0200

shane@theburgmangroup.com

Melbourne, Florida, 32940, USA

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702 Oak ST