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Tranquility Beach 5695 S. HIGHWAY A1A | Melbourne Beach, FL 32951


‘’Tranquility Beach’’ is a direct oceanfront quadplex in beautiful Melbourne Beach. All four units have been completely remodeled and are turn-key with a 5 star rating on VRBO, Airbnb and Homeaway. • Situated on over 3/4 acre in a very quiet, secluded spot of Melbourne Beach providing true ‘’Tranquility’’ for your guests. • A book of business is included with many repeat guests. The location is Short Term Rental/Airbnb friendly. • All new Interiors, newer 2016 roof, electric, plumbing, water heaters, deck and dune crossover. • Each unit is 1 bedroom/1 bath with laundry facility on site. All furnishings, electronics and future rental income conveys with the property. • There’s plenty of outdoor space for your guests to entertain or relax, all just steps from the Atlantic Ocean.


Apartment #1 Living/dining area.


Apartment #1 Fully equipped kitchen, bedroom and bath.


Apartment #2 Living room.


Apartment #2 Dining area and fully equipped kitchen.


Apartment #2 Bedroom and bath.


Apartment #3 Living/dining area.


Apartment #3 Fully equipped kitchen and dining area.


Apartment #3 Bedroom and bath. APARTMENT #4 IS NOT PICTURED.


Improvements for Tranquility Beach 2017 N ew Wel l H ea d / Pump N ew I r r i ga t i on We l l Insta l l e d N ew I r r i ga t i on Insta l l e d L a n d sca pi ng N ew Wate r Trea t m e nt Syste m R/O Syste ms i n Ea c h A pa rt men t Fro n t & Ba c k Doors El ec t ro n i c Locks S to r m Doors Al l N ew I n te ri or Doors Al l A p p l i ances i n A pa rt me nt 1-3 I n ter i o r Wa l l Refi ni shi ng/ Re place in Apartmen t 2 Al l N ew Ba t hroom wi t h Fl oor/Ceilin g tile in Apartmen t 2 Al l N ew Furni shi ngs i n A l l A partmen ts S m ar t T h e rm osta ts Wi f i Syste ms I n ter i o r Pa i nt Exter i o r Pa i nt N ew Fen ce 20 1 8 N ew Ro of N ew Sof f i ts N ew G u t te rs Ad d i t i o n a l L a nd sca p i ng N ew Wa ter H ea te rs i n A pa rt men t 2 & 3 A/C ’s Repa i re d i n A l l A pa rt men ts N ew Wo o d e n De ck a nd Bea c h C rossover S to rage S he d


TRANQUILITY 5695 S. HIGHWAY A1A, MELBOURNE BEACH PROFORMA 2019 FULL CAPACITY JANUARY-MARCH PRIME RATE:

$269/NIGHT

$24,210-FULL CAPACITY

OFF SEASON – APRIL-DECEMBER:

$149/NIGHT

$39,038-FULL CAPACITY

$63,248 X 4 SUITES = $252,992 TOTAL AT FULL CAPACITY

ACTUAL REVENUE 1/1/2018 - 6/30/2019 (ALL 4 SUITES):

$49,308

PROJECTED 7/1/2019 - 12/31/2019 (ALL 4 SUITES):

$57,000

TOTAL REVENUE:

$106,308

EXPENSES REPAIRS & MATERIALS:

$4,000

MAINTENANCE:

$6,000

CLEANING:

$15,500

FURNITURE REPLACEMENTS:

$2,500

TECH/INTERNET/CABLE:

$4,000

INSURANCE:

$9,000

REAL ESTATE TAXES:

$12,594

TOTAL EXPENSES:

$53,594

NET:

$52,714


851330 Active Income

5695 S Highway A1a, Melbourne Beach, FL 32951 $1,500,000 Area: 385 - South Beaches County: Brevard General County Loc: South Subdivision/Condo Name:None Property Type: Quadplex Buildings: 1 Building Garage: # of Units: 4 Waterfront: Yes Parking Spaces: Open Parking Spaces: Waterfront Type: Ocean Lot Dimensions: Split Bedroom: No Acreage: 0.8 List Price/SqFt: $600 Lot SqFt: 34,848 Home Warranty: SqFt - Total: 2,725 Pool - Private: No SqFt - Living: 2,500 Pool - Community: No Property Status: Standard Measurements From: Tax Rolls Property Use: Year Built: 1979 Fixer Upper: No Close Date: Narrative: ''Tranquility Beach'' is a direct Oceanfront Quadplex in Melbourne Beach. All 4 units have been fully remodeled and are turn-key with 5-Star ratings in VRBO, AirBNB and Homeaway. Sitting on over 3/4 acre on a quiet secluded beach, your guests will experience true tranquility. These units are short term/AirBNB friendly part of Brevard Cty. Each unit is 1 Bedroom/1 Bath, all new interiors, new roof, updated electrical and plumbing, new deck and dune crossover. All furnishings, appliances, electronics and future rental income already booked conveys with property. Directions: South on A1A, just past Publix. Annual Gross Income: 106,308 Annual Net Income: 52,714 Annual Oper Expenses: 53,594 Annual Other Income: 0 Unit Bed Bath Rent Range SqFt Furnished FEATURES Exterior Finish: Stucco Lot Description: County Utilities: Septic; Well Water Cooling: Central; Electric Heat: Central; Electric Equipment/Appliances: Dishwasher; Microwave-Built-in; Range - Electric; Refrigerator; Water Softener-Owned Roof: Shingle - Asphalt Floor: Tile Source: Owner Provided Management: Offsite Professional Possession: Closing Elementary School:Gemini Middle School: Hoover High School: Melbourne

Svces not Prov.: Tax Acct: 2954165 # of Units:4

Leased

Rem.

Parking: Open Parking Site Location: Major Roadway Style: One Story Construction: Concrete Block Common Amenities: Laundry; Ocean Access Rent Includes: Cable TV; Electricity; Housekeeping; Water Security/Safety: Smoke/CO Detector Expenses Include: Advertising; Maintenance Person; Management Possible Financing: Cash; Conventional Measurements From:Tax Rolls

Legal Desc: PART OF GOVT LOT 1 LYING EAST OF A1A AS DES IN ORB 1789 PG 66 Tax Year: 2018 Tax ID: 29-38-14-00-00253.0-0000.00 Equitable Interest:No Taxes: 12,594.2 Zoning:Multi-family Home Owners Assoc:None Presented by Nicholas LoPresti Treasure Coast Sotheby's Intl 321-984-3135 nlopresti@tcsir.com

Information is deemed to be reliable, but is not guaranteed. © 2019 MLS and FBS. Prepared by Nicholas LoPresti on Tuesday, July 23, 2019 3:18 PM. The information on this sheet has been made available by the MLS and may not be the listing of the provider.

Henry Saunders Broker Associate 321.626.2432 hsaunders@tcsir.com

Claudine Sloms REALTOR® 321.446.9222 csloms@tcsir.com


From May through October, after sunset, magical moments occur along our beautiful coastline. Famous for turtles nesting, at night, Melbourne Beach becomes North America’s #1 sea turtle nesting grounds. Loggerhead, Green and Leatherback sea turtles slowly journey up to the dunes laying their eggs. You have a front row seat to this marvelous site. Melbourne Beach is not overcrowded and you could walk for miles and not see a soul.


This is a naturalist’s dream with great fishing at your feet. Serenity Beach is centrally located, just a short distance to Publix, dining, shopping, and two public golf courses. 7 miles south is famous Sebastian Inlet, known for great fishing and surfing. Just an hour’s drive to Orlando and attractions, close to Melbourne International Airport and a 45 minute drive to Pt. Canaveral cruise terminal.


For additional information, please contact:

Henry Saunders Broker Associate 321.626.2432 hsaunders@tcsir.com

Claudine Sloms REALTOR® 321.446.9222 csloms@tcsir.com

®, ™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned and Operated, Except Offices Owned and Operated By NRT Incorporated.

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Tranquility Beach Oceanfront Quadplex  

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