Active

1832-1838 Pineapple Avenue

Melbourne FL, 32935

$1,790,000


$215.04 per sqft

Active

6 Beds

8,324 sqft

Multi-family

Built in 1925

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.

1016048

MLS ID

December 10, 2024

Listed

December 16, 2024

Updated

Map

1832-1838 Pineapple Avenue
Melbourne FL, 32935

Interior Features

Total Stories

2


Bedrooms

6


Floor Description

Tile, Vinyl, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Wall/Window Unit(s)


Heating

Yes


Heating Description

Central, Separate Meters, Varies by Unit

Exterior/Building Features

Lot Size

0.4 Acres


Roof

Membrane, Shingle


Sewer

Public Sewer

School Information

High School

Eau Gallie


Elementary School

Creel

Other Property Details

Area Name

323 - Eau Gallie


Taxes

$14,484


Tax Frequency

Annually


Garage

No


Parking

Assigned


Parking Total

14


View

No


County

Brevard


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/16/2024

Price change

$1,790,000

-6%

Courtesy of David Curri Real Estate Group, Olliver Nils Leroy Rodeblad Lowe,
Listing Contact: 321-604-3403 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Corinna Daninger shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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