6 bedroom house for sale
$2,350,000 - Melbourne FL 32935Advertisement
Overview
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. 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 their market value. 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, including new electrical panels and meters for each unit, three new central HVAC systems, a dozen window units, three new tankless water heaters, and a new main plumbing drain line from the building to the street, among other improvements. 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.Melbourne FL 32935
6 bedroom house for sale
- Beds: 6
- Price: $2,350,000
- Reference No.: 72676367
- Area: 8,324 sqft
House Melbourne
This House for sale is located at Melbourne FL 32935. The home has 6 Bedroom. This 6 bedroom House in Melbourne FL is for sale for $2,350,000 .
Disclaimer
2024-08-16, Viewed 1 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-08-16, Viewed 1 times.
Search more listings
- Top 10 3 bedroom house for sale los angeles ca stove
- Top 10 3 bedroom house for sale kansas city mo dishwasher
- Top 10 3 bedroom apartment for rent carrollton tx parking
- Top 20 2 bedroom apartment for rent somerville ma fireplace
- Top 100 2 bedroom apartment for rent palm beach gardens fl garden
- Top 10 3 bedroom apartment for rent norwood ma den
- Top 20 1 bedroom apartment for rent edmond ok laundry
- Top 10 2 bedroom house for rent punta gorda fl granite counter
- Top 50 1 bedroom apartment for rent silver spring md granite counter
- Top 20 1 bedroom apartment for rent hurst tx pool
- Top 10 1 bedroom apartment for rent seattle wa shopping
- Top 20 3 bedroom apartment for rent round rock tx den