406 Bluff Drive, Melbourne, FL 32901

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Price: $599,900

MLS # 952632

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Type: Multifamily

Bedrooms: N/A

Full Baths: N/A

Half Baths: N/A

List Date: 12-15-2022

Year Built: 1925

Homestead: N/A

3,324 Sq. Ft.

Zoning: N/A

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Property Description:

This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living, city water/sewer, well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity

Exterior Features

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Interior Features

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Property Details

Street Name

Bluff Drive

County

Brevard

Listing Status

Active

Tax Year

2022

Pool

No

Waterfront

No

ZipCode

32901

Tax Amount

$1,020

HOA Dues

$0.00

406 Bluff Drive Melbourne, FL 32901

This listing is courtesy of Real Estate Solutions Brevard.

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