1832-1838 Pineapple Avenue, Melbourne, FL, 32935 (Off Market)

For Sale, USD 1,790,000


1832-1838 Pineapple Avenue,

Property Type : Other Residential

Property Style : N/A

Build Size : 8,324 ft² / 773 m²

Land Size : 17,424 ft² / 1,619 m² Convert Land Size

Bedroom : 6

Bathroom : 0

Half Bathroom : 0

MLS#: 1016048


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.
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1832-1838 Pineapple Avenue, Melbourne, FL, 32935, United States,Florida,Melbourne is a 8,324ft² Melbourne luxury Other Residential listed for sale USD 1,790,000. This high end Melbourne Other Residential is comprised of 6 bedrooms and 0 baths. Find more luxury properties in Melbourne or search for luxury properties for sale in Melbourne.