Active

$1,100,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3194 sq ft
Overview
  • ID: MFRO6269201
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3194 sq ft
Property Details
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.
Financial Considerations
Price:
$1,100,000
HOA Fee:
N/A
Tax Amount:
$6006.27
Price per SqFt:
$331.72
Tax Legal Description:
RIVERVIEW HEIGHTS SUBD LOTS 1,2 N 20 FT OF LOT 3 EX W 120 FT BLK G
Exterior Features
Lot Size:
21344
Lot Features:
Historic District, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 1 to 5, Common
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
Vinyl
Levels:
Two
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1927
Construction Type:
Frame, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    2716 RIVERVIEW DR #A
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