1702 Riverview Drive
Melbourne, FL 32901

Description

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.

Details

MLS#844634
Sub-TypeResale
StatusActive
Days On Site70

Features

SQ Feet2,588
Units5
Building(s)2

Market Activity 32901

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Area Information

StateFL
CountyBrevard
CityMelbourne
Zip Code32901
Area330 - Melbourne
Listing VS Median (in 32901)
Price:
$499,500
low | high
Med:
$184,900
100% of Average
SqFt:
2,588
low | high
Med:
1,147
100% of Average
$ / SqFt:
$193
low | high
Med:
$161
66.47773318218% of Average
On Site:
70
low | high
Med:
147
47.619047619048% of Average
Listing Updated: 07/18/2019
MLS Number: 844634
Listing Provided By:
Global Group  of  Engel Voelkers Melbourne

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