$599,900
Melbourne, FL 32935
MLS# 1088372
5 beds | 4 baths | 3217 sqft
1 / 13
Property Description
ASSUMABLE 3.75% MORTGAGE! Approx. $335K loan balance available to a qualified buyer. Skip today's rates and step into a low-rate, income-producing duplex in Melbourne. This concrete block duplex offers two well-sized units, each with its own 1-car garage. Unit one is a 3 bed, 2 bath with additional parking, and unit two is a 2 bed, 2 bath. Major updates are already done: impact-rated windows throughout, 2019 roof, a 2021 AC system on one side, and a 2016 air handler on the other. Both units are occupied by long-term tenants paying $1,700 and $1,500 per month ($38,400 per year gross), with leases ending in December. That gives you flexibility to keep the steady income, raise rents, or live in one side and rent the other. City water and sewer. Low-rate financing, solid construction, and proven rental history make this a strong fit for investors and house-hackers.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Current Price: $599,900
Original List Price: 599900
List Price: $599,900
Status: Active
Listing Contract Date: 2026-09-23
Property Sub Type: Duplex
Location, Tax, and Legal
Tax Account: 2711761
Parcel Number: 27-37-08-50-0000a.0-0015.00
General County Location: South
Elementary School: Creel
Middle School: Johnson
High School: Eau Gallie
Tax Annual Amount: 5555.98
Tax Year: 2025
Tax Legal Description: COUNTRY CLUB GARDENS SUBD LOTS 15 & 16 BLK A
Directions: From US-1, head west on Lake Washington Rd. Turn left onto Stewart Rd, then take the first right onto Mason Ter. The duplex is on the right.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Stories Total: 1
Bathrooms Half: 0
Living Area: 2432
Living Area Source: Appraiser
Building Area Total: 3217
Lot Size Acres: 0.26
Lot Size Square Feet: 11326
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Property Use: 08 / DUPLEX
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 6
Parking Total: 8
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 1
Entry Level: 1
Direction Faces: South
Pool Private YN: No
List Price/SqFt: 246.67
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1985
Remarks and Miscellaneous
Public Remarks: ASSUMABLE 3.75% MORTGAGE! Approx. $335K loan balance available to a qualified buyer. Skip today's rates and step into a low-rate, income-producing duplex in Melbourne. This concrete block duplex offers two well-sized units, each with its own 1-car garage. Unit one is a 3 bed, 2 bath with additional parking, and unit two is a 2 bed, 2 bath. Major updates are already done: impact-rated windows throughout, 2019 roof, a 2021 AC system on one side, and a 2016 air handler on the other. Both units are occupied by long-term tenants paying $1,700 and $1,500 per month ($38,400 per year gross), with leases ending in December. That gives you flexibility to keep the steady income, raise rents, or live in one side and rent the other. City water and sewer. Low-rate financing, solid construction, and proven rental history make this a strong fit for investors and house-hackers.
Appliances
Dishwasher: 1
Electric Cooktop: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Closing Company Details
Closing Company Name: Bella Title & Escrow - David Stoms
Closing Company Address: 6450 N Wickham Rd. Ste 106 Melbourne, FL 32940
Construction Materials
Concrete: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
Residential: 1
Exterior Features
Impact Windows: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Laundry Features
In Garage: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Parking Features
Additional Parking: 1
Attached: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 38400
Income Includes
Rent Only: 1
Owner Pays
Insurance: 1
Taxes: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Grounds Care: 1
Hot Water: 1
Pest Control: 1
Sewer: 1
Water: 1
Unit 1 Details
Unit ID: 1760
Actual Rent: 1500
Unit SqFt: 1200
Beds Total: 2
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: This unit is a 2/2/1
Unit 2 Details
Unit ID: 1766
Actual Rent: 1700
Unit SqFt: 1375
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: This unit is a 3/2/1
Utilities
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Location Tax and Legal
Street Number: 1760&1766
Street Name: Mason
Street Suffix: Terrace
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Country Club Gardens Subd
Status Change Information
Major Change Timestamp: 2026-09-23T22:04:01Z
Major Change Type: New Listing
Status Change Timestamp: 2026-09-23
Property Features
Appliances: Dishwasher; Electric Cooktop; Electric Range; Microwave; Refrigerator
Construction Materials: Concrete
Cooling: Central Air
Current Use: Multi-Family; Residential
Exterior Features: Impact Windows
Financial Data Source: Owner
Flooring: Carpet; Tile
Heating: Central
Income Includes: Rent Only
Laundry Features: In Garage
Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan
Owner Pays: Insurance; Taxes
Parking Features: Additional Parking; Attached
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Grounds Care; Hot Water; Pest Control; Sewer; Water
Utilities: Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only
Seller’s Disclosure 
Listing Office: Denovo Realty
Last Updated: September - 23 - 2026
Information is deemed to be reliable, but is not guaranteed.