$515,000
Merritt Island, FL 32952
MLS# 1003635
Status: Closed
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Property Description
Nestled in a serene Merritt Island neighborhood, this charming triplex offers an exceptional investment opportunity. Comprising three ready-to-rent units, it includes a 2 bed, 1.5 bath with an elegantly updated kitchen, a vacant 2 bed, 1 bath, and a cozy 1 bed, 1 bath unit, each promising comfort and convenience. The property has been significantly upgraded with a new septic system, fencing, water heater, and central AC, ensuring modern living standards. Additionally, it boasts a renovated patio, perfect for outdoor leisure, a functional pole barn in the spacious backyard, and separate storage facilities for added convenience. The electrical and plumbing systems are robust and well-maintained, as evidenced by a recent inspection report. This triplex is an ideal canvas for investors or homeowners looking to establish a lucrative rental venture or create a personalized living space in a tranquil setting. Wind Mitigation and 4 Point Report from 2021 available.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Current Price: $515,000
Original List Price: 525000
Sold Price: $515,000
Status: Closed
Listing Contract Date: 2024-01-31
Property Sub Type: Triplex
Location, Tax, and Legal
Tax Account: 2501885
Parcel Number: 25-36-02-75-00039.0-0018.00
General County Location: Central
Elementary School: Tropical
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 4540.29
Tax Year: 2023
Tax Legal Description: ISLAND BEACH SHEET 2 W 5 FT OF LOT 18, ALL OF LOTS 19 THRU 22, E 10 FT OF LOT 23 BLK 39
Directions: .
General Property Information
Number Of Buildings: 1
Number Of Units Total: 3
Stories Total: 2
Living Area: 2784
Living Area Source: Public Records
Lot Size Acres: 0.26
Lot Size Square Feet: 11325.6
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Senior Community YN: No
Water Body Access YN: No
Stories: 2
Direction Faces: North
Pool Private YN: No
List Price/SqFt: 188.58
Sold Price/SqFt: 184.99
Year Built: 1961
Remarks and Miscellaneous
Public Remarks: Nestled in a serene Merritt Island neighborhood, this charming triplex offers an exceptional investment opportunity. Comprising three ready-to-rent units, it includes a 2 bed, 1.5 bath with an elegantly updated kitchen, a vacant 2 bed, 1 bath, and a cozy 1 bed, 1 bath unit, each promising comfort and convenience. The property has been significantly upgraded with a new septic system, fencing, water heater, and central AC, ensuring modern living standards. Additionally, it boasts a renovated patio, perfect for outdoor leisure, a functional pole barn in the spacious backyard, and separate storage facilities for added convenience. The electrical and plumbing systems are robust and well-maintained, as evidenced by a recent inspection report. This triplex is an ideal canvas for investors or homeowners looking to establish a lucrative rental venture or create a personalized living space in a tranquil setting. Wind Mitigation and 4 Point Report from 2021 available.
Appliances
Convection Oven: 1
Dishwasher: 1
Electric Oven: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Closing Company Details
Closing Company Name: Landing Title Agency, Inc.
Closing Company Address: 1679 Garden Ave. Melbourne, FL 32934
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Multi Units: 1
Current Use
Multi-Family: 1
Fencing
Fenced: 1
Privacy: 1
Wood: 1
Flooring
Tile: 1
Wood: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income Includes
Rent Only: 1
Road Surface Type
Asphalt: 1
Roof
Membrane: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1600
Unit SqFt: 1310
Beds Total: 2
Baths Total (Legacy): 2
Furnished: Unfurnished
Unit Remarks: Main unit with screened porch.
Unit 2 Details
Unit ID: 2
Actual Rent: 1400
Unit SqFt: 610
Beds Total: 2
Baths Total (Legacy): 1
Furnished: Unfurnished
Unit Remarks: upstairs unit.
Unit 3 Details
Unit ID: 3
Actual Rent: 1200
Unit SqFt: 540
Beds Total: 1
Baths Total (Legacy): 1
Furnished: Unfurnished
Unit Remarks: down stairs unit
Utilities
Cable Available: 1
Electricity Available: 1
Separate Electric Meters: 1
Water Source
Public: 1
Showing Requirements
Listing Agent Must Accompany: 1
Showing Service: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Location Tax and Legal
Street Number: 247
Street Name: Island Beach
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 253 - S Merritt Island
Subdivision Name: Island Beach Sheet 2
Status Change Information
Major Change Timestamp: 2024-03-04T15:41:01Z
Major Change Type: Status Change
Status Change Timestamp: 2024-03-04
Purchase Contract Date: 2024-02-12
Close Date: 2024-03-01
Close Price: 515000
Property Features
Appliances: Convection Oven; Dishwasher; Electric Oven; Electric Water Heater; Microwave; Refrigerator
Construction Materials: Concrete; Stucco
Cooling: Central Air; Multi Units
Current Use: Multi-Family
Fencing: Fenced; Privacy; Wood
Financial Data Source: Owner
Flooring: Tile; Wood
Heating: Central; Electric
Income Includes: Rent Only
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Road Surface Type: Asphalt
Roof: Membrane
Sewer: Septic Tank
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Available; Separate Electric Meters
Water Source: Public
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: Listing Agent Must Accompany; Showing Service
4-Point Inspection 
Listing Office: Blue Marlin Real Estate
Last Updated: June - 11 - 2026
Information is deemed to be reliable, but is not guaranteed.