2536 Pineapple Unit 18, Melbourne, FL 32935

$500,000
2,851
SqFt
List Price
$500,000
MLS#
872074
Status
ACTIVE
Type
Multifamily
Sub Type
5 - 10 Units
County
Brevard
City
Melbourne
Area
Eau Gallie
Subdivision
Riverview
Living Area
2,851
Total Square Feet
2,851
Acres
0.32
Year Built
1946

Property Description

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.

Additional Information

Style
Efficiency/Studio, One Story
Hoa
None
Tax Year
2019
Tax Amount
$4,463
Location Description
City
Equipment And Appliances
Other - Call Agent
Utilities
City Water
Exterior Finish
Stucco
Construction
Concrete Block, Frame - Wood
Roof
Shingle - Asphalt
Floor
Other - Call Agent
Elementary School
Creel
Middle School
Johnson
High School
Eau Gallie

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Curri Properties.