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.
Property Details
Price:
$1,100,000
MLS #:
O6269201
Status:
Active
Beds:
0
Baths:
0
Address:
2716 RIVERVIEW DRIVE UNIT A
Type:
Commercial
Subtype:
Multi Family
Subdivision:
RIVERVIEW HEIGHTS SUB
Neighborhood:
32901 – Melbourne
City:
MELBOURNE
Listed Date:
Jan 8, 2025
State:
FL
Finished Sq Ft:
3,316
Total Sq Ft:
3,316
ZIP:
32901
Lot Size:
21,344 sqft / 0.49 acres (approx)
Year Built:
1927
Schools
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Vinyl
Exterior
Construction Materials
Wood Frame, Wood Siding
Parking Features
1 to 5 Spaces, Common
Roof
Metal, Shingle
Financial
Tax Year
2024
Taxes
$6,006
Map
Community
- Address2716 RIVERVIEW DRIVE UNIT A MELBOURNE FL
- SubdivisionRIVERVIEW HEIGHTS SUB
- CityMELBOURNE
- CountyBrevard
- Zip Code32901
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2716 RIVERVIEW DRIVE UNIT A
MELBOURNE, FL
LIGHTBOX-IMAGES