Listing Courtesy of: Olliver Rodeblad Lowe - David Curri Real Estate Group
321-604-3403
$1,999,999
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Pineapple Avenue Melbourne, FL 32935
Other
Residence
6
Beds
Baths
8,971
Sq. Ft.
0.4
Acre
Lot
Property Activity
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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, offe...ring 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.
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MLS#
1016048
Property Type
Other
Bedrooms
6
Year Built
1925
Square Feet
8,971
sq. ft
Price per Sq. Ft.
$240.27
Lot Size
0.4
Sewer
Public Sewer
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