1. Florida
  2. Melbourne
  3. 1832-1838 Pineapple Avenue
$1,790,000

1832-1838 Pineapple Avenue, Melbourne, FL 32935

  • 6 beds
  • 8,324 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $215/sqft
  • Property List Date Icon Listed 1 year ago

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.

Listing Status:
Active
Date Added:
December 10, 2024 at 06:00AM
Listing Office:
One Sotheby's International : 321-984-3135
Listing Agent:
Olliver Nils Leroy Rodeblad Lowe : 321-831-2454
MLS ID:
1016048
  • Laundry: Electric Dryer HookupIn UnitWasher Hookup
  • Flooring: TileVinylWood
  • A/C: Central AirWall/Window Unit(s)
  • Heating: CentralSeparate MetersVaries by Unit

This listing courtesy of Olliver Nils Leroy Rodeblad Lowe, One Sotheby's International

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Dr. W. J. Creel Elementary School

2000 Glenwood Dr, Melbourne, FL, 32935

Grades PK-6

0.99 miles away

L

L. B. Johnson Middle School

2155 Croton Rd, Melbourne, FL, 32935

Grades 7-8

1.51 miles away

E

Eau Gallie High School

1400 Commodore Blvd, Melbourne, FL, 32935

Grades 9-12

1.18 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.