Remarks

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.

Details

MLS#: 1033556
Price: $1,100,000

Style: Multi Family
Sq Ft: 3194
Year Built: 1927

County: Brevard
Subdivision: Riverview Heights Subd
Tax Fee: 6006.2700000000004