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2716 Riverview Drive A
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PRICED AT ONLY: $1,100,000

Address: 2716 Riverview Drive A, MELBOURNE, FL 32901

Description

Prime Multifamily Investment Opportunity in Historic Downtown Melbourne Own a piece of iconic Florida architecture with stunning Indian River views, just minutes from Historic Downtown Melbourne. Situated on a half acre lot, this turn key investment features five rental units across two buildings, offering a mix of unit sizes to cater to various tenant needs. 5 Rental Units: Two studios, one one bedroom, and two two bedrooms. Zoned Commercial Multi Family Residential 2 to 9 units. Strong Rent Potential: Diverse unit types appeal to a range of tenants, ensuring consistent cash flow. Prime Location: Close to Downtown Melbourne's shops, dining, and attractions, with easy access to the Indian River and local parks. Dual Parking Areas: Two separate parking areas provide ample, parking for tenants. This property offers multifamily investors a turn key opportunity with income potential and room for expansion. A great balance of location, charm, and growth opportunity.

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More Like This
  • MLS#: O6269201 ( Commercial Sale )
  • Street Address: 2716 Riverview Drive A
  • Viewed: 29
  • Price: $1,100,000
  • Price sqft: $332
  • Waterfront: No
  • Year Built: 1927
  • Bldg sqft: 3316
  • Days On Market: 93

Description

Prime Multifamily Investment Opportunity in Historic Downtown Melbourne Own a piece of iconic Florida architecture with stunning Indian River views, just minutes from Historic Downtown Melbourne. Situated on a half acre lot, this turn key investment features five rental units across two buildings, offering a mix of unit sizes to cater to various tenant needs. 5 Rental Units: Two studios, one one bedroom, and two two bedrooms. Zoned Commercial Multi Family Residential 2 to 9 units. Strong Rent Potential: Diverse unit types appeal to a range of tenants, ensuring consistent cash flow. Prime Location: Close to Downtown Melbourne's shops, dining, and attractions, with easy access to the Indian River and local parks. Dual Parking Areas: Two separate parking areas provide ample, parking for tenants. This property offers multifamily investors a turn key opportunity with income potential and room for expansion. A great balance of location, charm, and growth opportunity.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Vinyl
  • Living Area: 3194.00
  • Roof: Metal, Shingle
Land Information
  • Lot Features: Historic District, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Parking Spaces - 1 to 5, Common
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Road Frontage Type: City Street
  • Sewer: Private Sewer
  • Utilities: Electricity Available, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: RIVERVIEW HEIGHTS SUBD LOTS 1, 2 N 20 FT OF LOT 3 EX W 120 FT BLK G
  • Levels: Two
  • Area Major: 32901 - Melbourne
  • Occupant Type: Tenant
  • Parcel Number: 28 3711-12-G-1.01
  • Possession: Close of Escrow
  • Views: 29
  • Zoning Code: R3(15)
Nearby Subdivisions
Armstrongs Resubd Of Lot 14 Of   Nieman Heights   Riverview Heights Sub  

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