825 University Blvd Melbourne, FL 32901
42-Unit Multifamily Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- 100% two-bedroom, one-bathroom, two-story townhome units.
- All units are two-bedroom, one-bathroom townhome-style floorplans.
- Significant rental upside potential exceeding $200 per unit based on comparable properties.
- Over $1,000,000 in capital improvements completed since 2020.
- Prime location near Melbourne Beach, Downtown Melbourne, Florida Institute of Technology, and major employers.
- Exceptional value-add opportunity with minimal immediate capital expenditure needs; operational improvements offer the greatest potential.
Property Details for 825 University Blvd
- Property type
- Apartment buildings
- Year Built
- 1964
- Units
- 42
Location Insight
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Latitude
- 28.063697052212
- Longitude
- -80.605933373875
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 42-Unit Multifamily Value-Add Opportunity
- Where is the apartment building located?
- The property is located at 825 University Blvd Melbourne, FL.
- What are key features of this property?
- This property features: 100% two-bedroom, one-bathroom, two-story townhome units.; All units are two-bedroom, one-bathroom townhome-style floorplans.; Significant rental upside potential exceeding $200 per unit based on comparable properties.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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