ATTENTION INVESTORS, 8+% CAP RATE, VERY RARE MULTI-FAMILY OFFERING! 1702 & 1704 are Located across the street from the River in DOWNTOWN Melbourne and a short walk to all Downtown has to offer. Property consists of a charming 2 Br. /1 Ba. Single Family Home w/ wood burning fireplace and washer/dryer, a 4-Plex ea. 1Br. /1 Ba. w/ laundry room and a Vacant Lot. Price Breakdown is as : House - $155,000, 4 Plex - $310,000, Vacant Lot - $35,000. Property MUST be purchased as a whole. All units have been renovated and well maintained. This low maintenance opportunity has many uses and can easily be Air BnB's to maximize rents with possibility to expand later on the Vacant Lot. Currently leased 100% w/ solid happy tenants. Proof of ability to buy prior to showings please.

  • MLS# 844634
  • Sub-Type Resale
  • Status Active
  • Days On Site 74
SQ Feet 2,588
Units 5
Building(s) 2
Listing Provided By:
Global Group  of  Engel Voelkers Melbourne
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Front View 4 Plex
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vacant lot
this listing $499,500
174.45%
$182,000 in 32901
this listing 2,588 SqFt
102.66%
1,277 SqFt in 32901
this listing $193 $/SqFt
35.42%
$143 $/SqFt in 32901
this listing 74 on site
572.73%
11 on site in 32901

Location

State FL
County Brevard
City Melbourne
Zip Code 32901
Area 330 - Melbourne

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