842 Torrence Lane, Melbourne, FL 32935
- $226,000
- 3
- BD
- 2
- BA
- 1,026
- SqFt
- Sold Price
- $226,000
- List Price
- $229,900
- Closing Date
- Jul 15, 2026
- MLS#
- 1078627
- Status
- CLOSED
- Type
- Multifamily
- County
- Brevard
- City
- Melbourne
- Area
- Eau Gallie
- Subdivision
- Melbogallie Subd
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1,026
- Total Square Feet
- 4,792
- Acres
- 0.11
- Year Built
- 1947
- Days on Market
- 46
Property Description
PRIME LOCATION! Sarno & US1 Investment Opportunity 🌴Run your business and live here, or generate immediate passive income! Located in the heart of Melbourne, this flexible residential/professional property gives you endless options on a budget. Income Potential: Studio Aptartment: Market rent at $925/month and the 2-Bedroom: Currently occupied at $1400/month Total Gross: $2,325/month ($27,900/year) Endless Possibilities: Live-Work: Operate your small business in the studio and live in the 2-bedroom. Short-Term Rentals: Convert into two lucrative Airbnb/vacation suites. Full Business/Residence: Open it up for an office/real estate/cpa or a single-family home. We have the space--you have the vision. Let's make it happen! Reach out today to schedule a tour and make your dreams a reality.
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Additional Information
- Tax Year
- 2025
- Tax Amount
- $1,751
- Equipment And Appliances
- Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
- Utilities
- Cable Available, Electricity Connected, Sewer Connected
- Exterior Finish
- Frame, Wood Siding
- Construction
- Frame, Wood Siding
- Roof
- Shingle
- Floor
- Tile, Vinyl
- Parking
- Off Street, Unassigned
- Parking Spaces
- 4
- Elementary School
- Harbor City
- Middle School
- Hoover
- High School
- Melbourne
Mortgage Calculator
Listing courtesy of Sunshine Realty Brevard. Selling Office: Sunshine Realty Brevard.