Listing Address:
89 NW Irwin Avenue, Melbourne, FL 32904
Active
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Price: $1,955,000
MLS # 1028572
Property Type: Multifamily
This property is Active. Please contact us for similar properties.
Property Description:
This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue--a fully renovated, fully occupied complex bringing in $16,000 monthly in rental income, with the potential to increase rents to $18,000 monthly. Listed at $1,955,000, the property currently yields an annual income of $192,000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216,000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit apartment building, each unit with 1 bedroom and 1 bathroom. 87 NW Irwin: A single-family home with 3 bedrooms and 2 bathrooms. 85 NW Irwin: A duplex, each unit featuring 2 bedrooms and 1 bathroom. With solid current returns and room for growth, this is an ideal addition to any investment portfolio.
Property Listing Details for 89 NW Irwin Avenue, Melbourne, FL 32904
Exterior Features
Interior Features
Equipment / Appliances
Pool
No
Pool Description
Utilities
Additional Rooms
None
Waterfront
No
Parking
Split Floorplan
HOA
HOA Dues
0.00
Construction
Floor
Exterior Finish
Roof Type
D. Basile Real Estate, LLC lists and sells Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard.
This listing is courtesy of Relentless Real Estate Co.. Property Listing Data contained within the D Basile Real Estate website is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
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