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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.
Features
Age: Over 50 Years Old
Architecture Style: Other
Building Units: 5
Cooling System: Window Unit(s) A/C
Exterior Type: Frame
Exterior Type: Wood Siding
Floor Covering: Vinyl
Floor Covering: Wood
Heating System: Central Furnace
Legal Description: RIVERVIEW HEIGHTS SUBD LOTS 1,2 N 20 FT OF LOT 3 EX W 120 FT BLK G