1832-1838 Pineapple AVE Active Save Request In-Person Tour Request Virtual Tour
Melbourne,FL 32935
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,324 sqft
Price per Sqft $227
MLS Listing ID 1016048
Bedrooms 6
HOA Y/N No
Total Fin. Sqft 8324
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1925
Annual Tax Amount $14,484
Tax Year 2023
Lot Size 0.400 Acres
Acres 0.4
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.
Location
State FL
County Brevard
Area 323 - Eau Gallie
Direction Going north in pineapple turn left on to Aurora and then the first right in to the alley, property is located on your right.
Interior
Heating Central,Separate Meters,Varies by Unit
Cooling Central Air,Wall/Window Unit(s)
Flooring Tile,Vinyl,Wood
Laundry Electric Dryer Hookup,In Unit,Washer Hookup
Exterior
Exterior Feature ExteriorFeatures
Parking Features Assigned
Utilities Available Other
Roof Type Membrane,Shingle
Present Use Multi-Family
Garage No
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Creel
High Schools Eau Gallie
Others
Senior Community No
Special Listing Condition Standard