6 Baths
3,194 SqFt
6 Baths
3,194 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,194 sqft
Price per Sqft $344
Subdivision Riverview Heights Subd
MLS Listing ID 1033556
Total Fin. Sqft 3194
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1927
Annual Tax Amount $6,006
Tax Year 2024
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Multi Family
Property Description
Own a piece of iconic Florida architecture with stunning Indian River views, just minutes from Historic Downtown Melbourne. Situated on a half-acre lot, this turn-key investment features five rental units across two buildings, offering a mix of unit sizes to cater to various tenant needs.
-5 Rental Units: Two studios, one one-bedroom, and two two-bedrooms.
-Zoned Commercial Multi-Family Residential 2 to 9 units.
-Strong Rent Potential: Diverse unit types appeal to a range of tenants, ensuring consistent cash flow.
-Prime Location: Close to Downtown Melbourne's shops, dining, and attractions, with easy access to the Indian River and local parks.
-Dual Parking Areas: Two separate parking areas provide ample, parking for tenants.
This property offers multifamily investors a turn-key opportunity with income potential and room for expansion. A great balance of location, charm, and growth opportunity.
Location
State FL
County Brevard
Area 330 - Melbourne - Central
Direction US1 South from Downtown Melbourne
Interior
Heating Central, Other
Cooling Ceiling Fan(s), Central Air, Window Unit(s)
Flooring Vinyl, Wood
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Varies by Unit
Fence Chain Link
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Present Use Multi-Family
Road Frontage City Street
Garage No
Building
Lot Description Historic Area
Sewer Private Sewer, Public Sewer
Water Public
Others
Senior Community No
Tax ID 28-37-11-12-0000g.0-0001.01
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1033556
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