1832-1838 Pineapple Avenue, Melbourne, FL 32935

Price: $1,790,000

MLS # 1016048

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Type: Multifamily

Bedrooms: N/A

Full Baths: N/A

Half Baths: N/A

List Date: 06-06-2024

Year Built: 1925

Homestead: N/A

8,324 Sq. Ft.

Zoning: N/A

Property Images:

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Property Description:

This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units, two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170, 460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.

Exterior Features

N/A


Interior Features

N/A


Equipment / Appliances

N/A


Utilities

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Property Details

Street Name

County

Brevard

Listing Status

Active

Tax Year

2023

Pool

No

ZipCode

Tax Amount

$14,484

HOA Dues

$0.00

1832-1838 Pineapple Avenue Melbourne, FL 32935

This listing is courtesy of David Curri Real Estate Group.

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