Income potential...Two whole duplexes (4 units in all) on one lot, with each duplex containg two 2 bed 1 bath units. Each unit has it's own water and electric meter and central air and heat. 2 parlking spaces per unit in front as well as a large storage shed on property for owner to use as needed.
MAJOR PRICE REDUCTION! Freshly painted & turn key! Cozy and bright fully furnished duplex ready for you to move in! Live in one & rent out the other! Each side of the duplex is a 2 Bedroom, 1 Bath. Freshly painted exterior, brand new windows, back doors, water heater, and freshly painted interior! Each unit is 808 sq ft and has its own laundry room. Separate electric and water meters. Plenty of parking. Close to beaches, intercostal and easy access to 95 & the airport. Downtown Eau Gallie is just a short walk with lots of restaurants and shops! Schedule your showing today!
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.
The median home value in Melbourne, FL is $348,100. This is lower 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 $348,100. Approximately 51.2% of Melbourne homes are owned, compared to 35.78% rented, while 13.02% 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 32935 has a population of 83,500. Melbourne 32935 is less family-centric than the surrounding county with 24.1% 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 32935 is $55,543. 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 32935 is 42.4 years.
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 48.9 degrees. The average rainfall is approximately 53.5 inches per year, with 0 inches of snow per year.