89 NW Irwin Avenue, Melbourne, FL 32904

Price: $1,799,000

MLS # 1028572

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Type: Multifamily

Bedrooms: N/A

Full Baths: N/A

Half Baths: N/A

List Date: 11-01-2024

Year Built: 1973

Homestead: N/A

7,728 Sq. Ft.

Zoning: N/A

Property Images:

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Property Description:

11 Units in a Prime Location! New Roof & Windows!Multi-unit complex perfectly situated in the heart of town, surrounded by major employers, stunning beaches, the Melbourne Mall, and the airport.The offering includes three properties at 89, 87, and 85 NW Irwin Avenue, consisting of:8-unit apartment building (each 1 bed/1 bath)Duplex (each 2 bed/1 bath)Single-family home (3 bed/2 bath)Currently generating $15, 350 in monthly rental income, with the opportunity to increase to $17, 000 monthly as 9 of the 11 tenants are on month-to-month leases. With rents optimized, this property could yield an impressive $204, 000 in annual income.This property is not just a solid investment but a strategic opportunity to add value to your portfolio in a high-demand market.Don't miss out! Properties like this, with location, potential, and value, don't stay available for long.

Exterior Features

N/A


Interior Features

N/A


Equipment / Appliances

N/A


Utilities

N/A


Property Details

Street Name

County

Brevard

Listing Status

Active

Tax Year

2024

Pool

No

Private Pool

No

Waterfront

No

ZipCode

Tax Amount

$10,134

HOA Dues

$0.00

89 NW Irwin Avenue Melbourne, FL 32904

This listing is courtesy of LPT Realty, LLC.

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