Melbourne FL Multi Family for Sale
$1,955,000
89 NW Irwin Avenue Melbourne, FL 32904
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.58 Acres
- Year built:
- 1973
- Baths:
- 8.00
- MLS#:
- 1028572
View additional info
Courtesy: Relentless Real Estate Co.
321-302-0763
ADDITIONAL INFORMATION
This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue—a fully renovated, fully occupied complex bringing in $16,000 monthly in rental income, with the potential to increase rents to $18,000 monthly. Listed at $1,955,000, the property currently yields an annual income of $192,000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216,000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit apartment building, each unit with 1 bedroom and 1 bathroom. 87 NW Irwin: A single-family home with 3 bedrooms and 2 bathrooms. 85 NW Irwin: A duplex, each unit featuring 2 bedrooms and 1 bathroom. With solid current returns and room for growth, this is an ideal addition to any investment portfolio.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1990
- Baths:
- MLS#:
- 1016656
- Subdivision:
- Cypress Cove At Suntree A Condo
View additional info
Courtesy: Dale Sorensen Real Estate Inc.
321-421-7550
ADDITIONAL INFORMATION
Owner will consider all reasonable offers. INVESTMENT OPPORTUNITY. 3/2 2nd floor condo in highly desirable Cypress Cove at Suntree in Melbourne. 1 of 2 3/2 for sale in same complex. Purchase both and add to your investment portfolio. Owner will consider all offers on one or both properties. Stainless steel appliances, tile and carpet throughout. Lovely balcony. Community offers pool, spa, clubhouse with gym, tennis courts, etc. Walking distance to shopping and restaurants. Beaches are 15 minutes away. Zoo is 5 minutes away. Currently has tenant under a year lease that expires April 30th 2025.
Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Space Coast Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than the owner of this site are marked with the Space Coast Association of REALTORS®, Inc. logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Space Coast Association of REALTORS®, Inc. All rights reserved.
Melbourne Real Estate
The median home value in Melbourne, FL is $411,200. This is higher than the county median home value of $357,500. The national median home value is $338,100. The average price of homes sold in Melbourne, FL is $411,200. Approximately 75.15% of Melbourne homes are owned, compared to 17.61% rented, while 7.24% are vacant. Melbourne real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melbourne real estate agent to arrange a tour today!
Melbourne, Florida 32904 has a population of 25,768. Melbourne 32904 is more family-centric than the surrounding county with 36.44% of the households containing married families with children. The county average for households married with children is 24.34%.
The median household income in Melbourne, Florida 32904 is $76,848. The median household income for the surrounding county is $63,632 compared to the national median of $69,021. The median age of people living in Melbourne 32904 is 41.5 years.
Melbourne Weather
The average high temperature in July is 90.8 degrees, with an average low temperature in January of 49.2 degrees. The average rainfall is approximately 53.9 inches per year, with 0 inches of snow per year.