For Sale
$1,890,000
1838 Pineapple Ave Melbourne, FL 32935
11-Unit Apartment Building, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $1,890,000 Asking Price for a Value-Add Multifamily Investment Opportunity.
- 7.90% Cap Rate with a Net Operating Income (NOI) of $149,390.
- 11-Unit Apartment Building with 91% Occupancy.
- Recently Renovated in 2024 (with some units built in 1925 and others in 1964).
- Located in the desirable Eau Gallie Arts District of Melbourne, Florida, on a 0.4-acre lot.
- Features 14 parking spaces and is zoned C-1.
Property Details for 1838 Pineapple Ave
- Property type
- Apartment buildings
- Class
- B
- Year Built/Renovated
- 1925/2024
- Buildings
- 2
- Stories
- 2
- Lot Size (sq. ft)
- 17,424 SF
- Units
- 11
Location Insight
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Latitude
- 28.1369289
- Longitude
- -80.6297648
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 11-Unit Apartment Building, Value-Add Opportunity
- Where is the apartment building located?
- The property is located at 1838 Pineapple Ave Melbourne, FL.
- What is the asking price?
- The asking price for this property is $1,890,000.
- What are key features of this property?
- This property features: $1,890,000 Asking Price for a Value-Add Multifamily Investment Opportunity.; 7.90% Cap Rate with a Net Operating Income (NOI) of $149,390.; 11-Unit Apartment Building with 91% Occupancy.
- How can I contact the broker?
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