89 NW Irwin Avenue, Melbourne, FL 32904
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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 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
89 NW Irwin Avenue Melbourne, FL 32904
This listing is courtesy of LPT Realty, LLC.
Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Vero Beach, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard and Central Florida.
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