5001 Malabar Blvd Units 101,102,103,10, Melbourne Beach, Florida, United States

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Home For Sale

$1,880,000

5001 Malabar Blvd Units 101,102,103,10
Melbourne Beach, Florida, United States

Listed By: Realtyww Info

Listed On: 06/16/2023

Listing ID: GL10048835 View More Details

Description

RARE INCOME PRODUCING OPPORTUNITY!!! Welcome to Water Lily- FOUR 2/2 UNITS, elegantly renovated, with the option to maximize returns through PERMITTED SHORT TERM RENTALS! Located in the quaint coastal town of Melbourne Beach, FL, this block constructed quad was built in 1987 and is nestled on a.49 acre lot, across from the Atlantic Ocean with A1A frontage for advertising, there is room to add outdoor amenities, or expand revenue streams with RV rentals. ONE BLOCK serene walk to BEACH ACCESS with private feeling, untouched beaches. Vacationers and tenants alike will enjoy 1 car garages, fully fenced back yards, vaulted ceilings, walk in closets, full size washers and dryers, and huge screened porches. Some big ticket upgrades other than the full cosmetic interior/exterior, are hurricane impact windows, water heaters, matching new Whirlpool appliances, and commercial water system (see docs for full list). Come take advantage of the booming beachside rental market in FL! hurricane impact windows, water heaters, matching new Whirlpool appliances, and commercial water system offering clean, odorless water with no staining (see docs for full list). Separately metered electric, shared Artesian well with oversized septic, block wall between units and firebreak in attic, offers option to split units and sell individually. Newer AC's, all have been serviced, and 2013 roof in excellent condition. Smart locks on every front door, makes for easy access for all. Minutes to daily needs and local attractions such as Sebastian Inlet and Cocoa Beach, 1.5 hours to Orlando, 3 hours to Tampa and Miami Beach. Whether using a 1031 exchange or hedging against inflation, these well appointed, sophisticated, quality built units create a rare and perfect opportunity for a savvy investor to take advantage of the booming beachside rental market in FL, while gaining appreciation, virtually maintenance free for many years to come!

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Listed by: Florida Homes Rlty. Mtg. Llc