PRICED AT ONLY: $1,800,000
Address: 837 Hickory Street, Melbourne, FL 32901
Description
Turnkey 8 Unit Multifamily Investment Prime Melbourne, FL Location 5% CAPDiscover a high performing 8 unit multifamily CBS building offering stable income and modern upgrades in a strong Space Coast rental market. Each unit is a 1 bed / 1 bath layout with updated interiors and a consistent rental history. With 5,500 SF of rentable area on 0.36 acre, this property provides an ideal balance of density, parking convenience, and long term tenant retention. The property features a new metal roof (2020), electrical panels, appliances, HVAC, resurfaced/striped parking lot, and freshly painted.
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- MLS#: RX-11135279 ( MultiFamily (5+ Units) )
- Street Address: 837 Hickory Street
- Viewed: 1
- Price: $1,800,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1979
- Bldg sqft: 0
- Days On Market: 3
- Additional Information
- Geolocation: 28.0957 / -80.6133
- County: BREVARD
- City: Melbourne
- Zipcode: 32901
- Subdivision: Riverside Drive
- Provided by: Nex Gen Realty & Property Mgnt
- Contact: Ana I Mesa
- (772) 204-0664
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.613333
- Construction: CBS, Stucco
- Flooring: Tile
- Roof: Metal
- Sqft Source: Tax Rolls
- Total Building Sqft: 5500.00
- Type Of Building: Free Standing, Resident. Multi-Fam.
Property Information
- Property Condition: Resale
- Property Desc: Multi-Family 8 unit
- Property Group Id: 19990816212135227274000000
Utilities
- Air Conditioned: 100.00
- Cooling: Ceiling Fan, Central, Electric
- Fire Protect: Smoke Detector
- Heating: Central, Electric
- Num Of Stories: 2.0
- Security: None
- Utilities: Cable, Electric, Public Sewer, Public Water
Finance and Tax Information
- Expenses Insurance: 15450.00
- Expenses Maint Repair: 2863.00
- Expenses R E Taxes: 10031.00
- Expenses Total Expenses: 33079.00
- Expenses Trash: 1324.00
- Expenses Utilities: 3141.00
- Tax Year: 2024
Rental Information
- Tenant Pays: Electric, Insurance
Other Features
- Avail Docs: None
- Avail Info: Copies of Lease, Photos
- Country: United States
- Legal Desc: RIVERSIDE DRIVE PART OF LOT 56 AS DES IN ORB 848 PG 992 EX ORB 866 PG 928, 1007 PG 978 BLK A
- Location: Beach Area, City, Subdivision
- Parcel Id: 273734epa56
- Possession: At Closing, Funding
- Sale Includes: Building and Land
- Use: Income
- Zoning: Multifamily
Nearby Subdivisions
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
