Prime Multifamily Investment Opportunity in Historic Downtown Melbourne 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.
MLS# | O6269201 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | For-sale |
Status | Active |
Year | 1927 |
Days On Site | 71 |
Listing Provided By | KELLER WILLIAMS RLTY,BREVARD | Leann Graefe, LLC |
SQ Feet | 3,194 |
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Story(s) | 2 |
Zoning | R3(15) |
Acreage | 0.49 |
State | FL |
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County | Brevard |
City | MELBOURNE |
Zip Code | 32901 |
Area | 32901 Melbourne |
Community Name | RIVERVIEW HEIGHTS SUB |
Listing VS Median (In RIVERVIEW HEIGHTS SUB) | |
Price: $1,100,000 low | high Med: $1,100,000 SqFt: 3,194 low | high Med: 3,194 $ / SqFt: $344 low | high Med: $344 On site: 71 low | high Med: 71.000000 |