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Marcus E Smith PA

marcus@marcusesmith.com +1(407) 323-7320

$ 1,790,000

Est. payment -/mo

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Price Dropped by $100K

1832-1838 Pineapple AVE Melbourne, FL 32935

6 Beds

8,324 SqFt

UPDATED:

12/16/2024 09:36 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,324 sqft

Price per Sqft $215

MLS Listing ID 1016048

Bedrooms 6

HOA Y/N No

Total Fin. Sqft 8324

Originating Board Space Coast MLS (Space Coast Association of REALTORS®)

Year Built 1925

Annual Tax Amount $14,484

Tax Year 2023

Lot Size 0.400 Acres

Acres 0.4

Property Description

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.

Location

State FL

County Brevard

Area 323 - Eau Gallie

Direction Going north in pineapple turn left on to Aurora and then the first right in to the alley, property is located on your right.

Interior

Heating Central, Separate Meters, Varies by Unit

Cooling Central Air, Wall/Window Unit(s)

Flooring Tile, Vinyl, Wood

Laundry Electric Dryer Hookup, In Unit, Washer Hookup

Exterior

Exterior Feature ExteriorFeatures

Parking Features Assigned

Utilities Available Other

Roof Type Membrane,Shingle

Present Use Multi-Family

Garage No

Private Pool No

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Creel

High Schools Eau Gallie

Others

Senior Community No

Special Listing Condition Standard

Space Coast Association of Realtors (Brevard MLS)

Listed by David Curri Real Estate Group

Marcus E Smith PA

Broker Associate | License ID: 3187002

+1(407) 323-7320

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Marcus E Smith PA

1832-1838 Pineapple AVE Melbourne, FL 32935

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1832-1838 Pineapple AVE