406 Bluff DR Active Save Request In-Person Tour Request Virtual Tour
Melbourne,FL 32901
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,324 sqft
Price per Sqft $180
MLS Listing ID 952632
HOA Y/N No
Total Fin. Sqft 3324
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1925
Annual Tax Amount $1,020
Tax Year 2022
Lot Size 0.570 Acres
Acres 0.57
Property Description
This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living,city water/sewer,well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity
Location
State FL
County Brevard
Area 323 - Eau Gallie
Direction From US1 go West on Avenue D then South onto Bluff Drive.
Interior
Heating None
Cooling None
Flooring Other
Appliance Other
Exterior
Exterior Feature ExteriorFeatures
Garage Detached
Pool None
Utilities Available Cable Available,Sewer Available,Water Available
Waterfront No
Roof Type Membrane
Present Use Other
Street Surface Paved
Parking Type Detached
Garage No
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools Harbor City
High Schools Melbourne
Others
Senior Community No
Tax ID 27-37-27-51-00000.0-0200.00
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard