Listing Address:
2513 Lipscomb Street, Melbourne, FL 32901
Active
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Price: $187,500
MLS # 1070455
Property Type: Residential
2,607 Total SqFt.
Beds: 5
2,607 Living SqFt.
Baths: 5.00 ½ Baths: 1
Year Built: 1930
This property is Active. Please contact us for similar properties.
Property Description:
Prime Investment Opportunity in Melbourne!This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income.The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property.Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.
Property Listing Details for 2513 Lipscomb Street, Melbourne, FL 32901
Exterior Features
Interior Features
Equipment / Appliances
None
Pool
Pool Description
Utilities
Other
Additional Rooms
Kitchen , Living Room , Primary Bedroom
Waterfront
No
Parking
Other
Split Floorplan
HOA
HOA Dues
0.00
Construction
Stucco
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 Elevate Realty 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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