Listing Courtesy of: Sarah Clifford - Real Estate Solutions Brevard
321-610-1550
$599,900
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406 Bluff Drive Melbourne, FL 32901
Other
Residence
Beds
Baths
3,324
Sq. Ft.
0.57
Acre
Lot
Property Activity
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This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment.... Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living,city water/sewer,well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity
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MLS#
952632
Property Type
Other
Year Built
1925
Square Feet
3,324
sq. ft
Price per Sq. Ft.
$180.48
Lot Size
0.57
Stories
2.0
Sewer
Public Sewer
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