100% occupied MultiFamily Investment opportunity with very low turnover. These 9 units consist of 7 Studio Apartments plus two 1 Bedroom apartments. All Tenants are Month 2 Month but been there for awhile. Cash Cow that currently yields an 8.5% return after expenses. This property is adjacent to another like property that is also available and consists of 8 more apartments. Family Estate sale, as the current heirs live out of state.
Off market
$525,900
2536 Pineapple Ave #18, Melbourne, FL 32935
--beds
0baths
2,851sqft
MultiFamily
Built in 1946
-- sqft lot
$525,900 Zestimate®
$184/sqft
$1,923 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Flooring: Other
Interior area
- Total interior livable area: 2,851 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 0.32 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1946
Utilities & green energy
- Utilities for property: City Water
Community & neighborhood
Location
- Region: Melbourne
Other
Other facts
- Equipment/Appliances: Other - Call Agent
- Floor: Other - Call Agent
- State/Province: FL
- Property Status: Standard
- Prop Type: Income
- Expenses Include: Insurance, Lawn-Landscape Mnt, Repair/Maintenance, RE Taxes, Water-Sewer
- Construction: Concrete Block, Frame - Wood
- Parking: Open Parking
- Utilities: City Water
- Measurements From: Tax Rolls
- Style: Efficiency/Studio, One Story
- Lot Description: City
- Roof: Shingle - Asphalt
- Rent Includes: Lawn/Land Mntnce, Exterior Maintenance, RE Taxes, Water
- Exterior Finish: Stucco
- Buildings: 4+ Buildings
- General County Loc: South
- Fixer Upper: Yes
- Schools: Middle School: Johnson
- Schools: High School: Eau Gallie
- Schools: Elementary School: Creel
- Status: Backups
- # of Units: 9
- Property Type: B
- Subdivision/Condo Nm: RIVERVIEW
- Tax ID: 27-37-09-51-00000.0-0008.00
- Legal Desc: RIVERVIEW LOTS 8,9
Services availability
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Get a free Zillow Showcase℠ listing and you could sell for .
$525,900
2% more+ $10,518
With Zillow Showcase(estimated)
$536,418