208 Nieman AveMelbourne, FL 32901

Property Details for 208 Nieman Ave

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 AC

Property size (Sq ft)

2,500 SF

Zone code

C2

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

27-37-28-75-00000.0-0218.00

APU

9223372036854775807

Description

This exceptional investment opportunity presents a ten-unit multifamily property located at 208 Nieman Ave, Melbourne, Florida, 32901. The property, known as Kiera's Place, comprises two buildings totaling approximately 5,380 gross square feet on a 0.56-acre lot. Constructed in 1960 of concrete block with flat roofing, the complex features a mix of two studio units and eight one-bedroom, one-bathroom units. Each unit is equipped with wall air conditioning. Tenant responsibilities include electricity, while the owner covers water, sewer, and trash services. Adding to the property's appeal are eight on-site carports and two convenient storage units. The projected annual income for the first year is $175,920. Electricity is separately metered for each unit. This well-maintained property offers a solid return on investment with its established rental income and desirable features. The property's concrete block construction ensures durability and longevity. Its location in Melbourne, Florida provides access to a thriving rental market. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1045

Longitude

-80.6253

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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