$1,100,000
bedrooms
7
bathrooms
5
square feet
3,194
Acreage
0.49
Open Houses
-
year built
1927
Full Baths
5
Half Baths
0
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, one two-bedrooms, and one three bedroom -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 | |
| Subdivision | Riverview Heights Subd |
| County | Brevard |
| Elementary School | University Park |
| Middle School | Stone |
| High School | Melbourne |
Open houses
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MLS number: 1033586
Listing agent:
Leann Graefe
Listing broker:
Keller Williams Realty Brevard
(321) 259-1170
Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Friday, January 31 2025 at 3:42 p.m. EST
Kotohomes National