Listing Address:
89 NW Irwin Avenue, Melbourne, FL 32904
Price: $1,799,000
MLS # 1028572
Property Type: Multifamily
This property is Active. Please contact us for similar properties.
Property Description:
11 Units in a Prime Location! New Roof & Windows!Multi-unit complex perfectly situated in the heart of town, surrounded by major employers, stunning beaches, the Melbourne Mall, and the airport.The offering includes three properties at 89, 87, and 85 NW Irwin Avenue, consisting of:8-unit apartment building (each 1 bed/1 bath)Duplex (each 2 bed/1 bath)Single-family home (3 bed/2 bath)Currently generating $15,350 in monthly rental income, with the opportunity to increase to $17,000 monthly as 9 of the 11 tenants are on month-to-month leases. With rents optimized, this property could yield an impressive $204,000 in annual income.This property is not just a solid investment but a strategic opportunity to add value to your portfolio in a high-demand market.Don't miss out! Properties like this, with location, potential, and value, don't stay available for long.
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
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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 Florida Homes Rlty. & Mtg. LLC. 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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