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1832-1838 Pineapple Avenue, Melbourne, FL 32935

No

BUILDINGS

$2,350,000

LISTING PRICE

8,324

SQUARE FEET

Multi Family

TYPE

Year Built: 1925

Subdivision:

MLS#: 1016048


Status: Active

For More Information Call:

321-255-4242

Property Details:

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.


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This listing is courtesy of David Curri Real Estate Group. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

  • Acreage0.40
  • Area323 - Eau Gallie
  • BuildingsNo
  • CityMelbourne
  • CountyBrevard
  • DirectionsGoing north in pineapple turn left on to Aurora and then the first right in to the alley, property is located on your right.
  • Fixer UpperNo
  • General County LocationSouth
  • Legal DescriptionEAU GALLIE, VILLAGE PLAT OF LOT 14 BLK 8, EAU GALLIE, VILLAGE PLAT OF LOT 15 BLK 8
  • List Price/SqFt$282.32 / sqft
  • Listing ID1016048
  • Listing StatusActive
  • Number of Units2
  • PoolNo
  • Prop TypeMulti Family
  • Property TypeMultifamily
  • SqFt - Living8,324 sqft
  • State/ProvinceFL
  • StatusActive
  • Status Change DateThursday, June 6th, 2024
  • Street NamePineapple
  • Street Number1832-1838
  • Street SuffixAvenue
  • Tax Year2023
  • Taxes$14,484
  • UnBranded Virtual TourClick Here
  • Year Built1925
  • Zip Code32935

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