1832-1838 Pineapple Avenue, Melbourne, FL 32935

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1832-1838 Pineapple Avenue,Melbourne, FL 32935
$1,790,000
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  • 6 Beds
  • - Baths
  • 8,324 sq. ft.
  • Multi-family
  • Active
Listed by:olliver nils leroy rodeblad lowe
Office:one sotheby's international
MLS#:1016048
Source:FL_SPACE

Price summary

  • Price:$1,790,000
  • Price per sq. ft.:$199.53

About this home

This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units,two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170,460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.

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Home facts

  • Year built:1925
  • Listing Id #:1016048
  • Added:438 day(s) ago

Rooms and interior

  • Bedrooms:6
  • Living area:8,324 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1925
  • Building area:8,324 sq. ft.
  • Lot area:0.4 Acres

Schools

  • High school:Eau Gallie
  • Middle school:Johnson
  • Elementary school:Creel

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,790,000
  • Price per sq. ft.:$199.53
  • Tax amount:$14,484 (2023)
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