$325,000
Indialantic, FL 32903
MLS# 784436
Status: Closed
2525 sqft
1 / 26
Property Description
INDIALANTIC TRIPLEX: Incredible income potential at this 2-story tri-plex. This unique property has amazing ocean views and is just steps to the beach.There are 2 one bedroom units and one 2 bedroom unit. There is a huge demand for rentals like these in this area! Many of the tenants have been there a long, long time and the rents are WELL BELOW MARKET RATES. Roof replaced in 2015, newer air conditioners, a few cosmetic improvements could really turn this property into something amazing! Excellent schools, restaurants, shopping, & entertainment are within a short walk. Best of all, the nearest public beach access is located approximately 20 yards away.
Details
Maps
Location, Tax, and Legal
Tax Account: 2846960
Parcel Number: 28-38-06-25-00100.0-0001.02
General County Location: South
Elementary School: Indialantic
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 4259.43
Tax Year: 2016
Tax Legal Description: INDIALANTIC BY THE SEA SEC D W 132 FT OF LOT 1 BLK 100
Directions: Hwy A1A south of 5th Avenue (192) and it becomes Miramar Ave., just after Tuckaway Shores on left, make a left at Tampa Street. tri-plex is on right.
General Property Information
Number Of Units Total: 3
Living Area: 2489
Living Area Source: Public Records
Building Area Total: 2525
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Association YN: No
Garage YN: No
Property Use: 0304
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Open Parking Spaces: 46
Parking Total: 4
Use Code: 0803
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 160.31
Sold Price/SqFt: 130.57
Year Built: 1954
Remarks and Miscellaneous
Public Remarks: INDIALANTIC TRIPLEX: Incredible income potential at this 2-story tri-plex. This unique property has amazing ocean views and is just steps to the beach.There are 2 one bedroom units and one 2 bedroom unit. There is a huge demand for rentals like these in this area! Many of the tenants have been there a long, long time and the rents are WELL BELOW
MARKET RATES. Roof replaced in 2015, newer air conditioners, a few cosmetic improvements could really turn this property into something amazing! Excellent schools, restaurants,
shopping, & entertainment are within a short walk. Best of all, the nearest public beach access is located approximately 20 yards away.
Appliances
Refrigerator: 1
Closing Company Details
Closing Company Name: Federal Title Insurance Agents
Closing Company Address: 1193 US-1, Rockledge, FL 32955, 321-632-4871
Construction Materials
Frame: 1
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Wall/Window Unit(s): 1
Flooring
Carpet: 1
Laminate: 1
Terrazzo: 1
Tile: 1
Laundry Features
Electric Dryer Hookup: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Cul-De-Sac: 1
Parking Features
Assigned: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 36000
Net Operating Income: 26121
Operating Expense: 9879
Owner Pays
Grounds Care: 1
Repairs: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Historical Information
Public Historical Remarks 3: Source-Data Limited: Y, Equipment/Appliances-Range: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $325,000
Original List Price: 399000
Sold Price: $325,000
Status: Closed
Listing Contract Date: 2017-05-25
Property Sub Type: Triplex
Location Tax and Legal
Street Number: 1501
Street Direction Prefix: S
Street Name: Miramar
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 384-Indialantic/Melbourne Beach
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2017-06-16T19:34:59Z
Major Change Type: Status Change
Status Change Timestamp: 2017-06-16
Purchase Contract Date: 2017-06-12
Close Date: 2017-06-16
Close Price: 325000
Property Features
Appliances: Refrigerator
Construction Materials: Frame; Wood Siding
Cooling: Central Air; Electric; Wall/Window Unit(s)
Financial Data Source: Owner
Flooring: Carpet; Laminate; Terrazzo; Tile
Laundry Features: Electric Dryer Hookup
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Cul-De-Sac
Owner Pays: Grounds Care; Repairs; Sewer; Taxes; Trash Collection; Water
Parking Features: Assigned
Pool Features: None
Possession: Close Of Escrow
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Available
Water Source: Public
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: Appointment Only; Call Listing Office
Listing Office: One Sotheby's International
Last Updated: June - 25 - 2026
Information is deemed to be reliable, but is not guaranteed.