2716 Riverview Dr Melbourne, FL 32901
Estimated payment $6,641/month
Highlights
- The property is located in a historic district
- River View
- No HOA
- Melbourne Senior High School Rated A-
- Wood Flooring
- Cooling System Mounted To A Wall/Window
About This Home
Prime Multifamily Investment Opportunity in Historic Downtown Melbourne. Own a piece of iconic Florida architecture with stunning Indian River views, just minutes from Historic Downtown Melbourne. Situated on a half-acre lot, this turn-key investment features five rental units across two buildings, offering a mix of unit sizes to cater to various tenant needs. -5 Rental Units: Two studios, one one-bedroom, one two-bedrooms, and one three bedroom -Zoned Commercial Multi-Family Residential 2 to 9 units. -Strong Rent Potential: Diverse unit types appeal to a range of tenants, ensuring consistent cash flow. -Prime Location: Close to Downtown Melbourne's shops, dining, and attractions, with easy access to the Indian River and local parks. -Dual Parking Areas: Two separate parking areas provide ample, parking for tenants. This property offers multifamily investors a turn-key opportunity with income potential and room for expansion. A great balance of location, charm, and growth opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,006
Year Built
- Built in 1927
Lot Details
- 0.49 Acre Lot
- Chain Link Fence
Home Design
- Frame Construction
- Shingle Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 3,194 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Gas Fireplace
- River Views
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
Parking
- Varies By Unit
- Shared Driveway
Location
- The property is located in a historic district
Schools
- University Park Elementary School
- Stone Middle School
- Melbourne High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
Listing and Financial Details
- The owner pays for exterior maintenance, grounds care, repairs, sewer, taxes, water
- Assessor Parcel Number 28-37-11-12-0000g.0-0001.01
Community Details
Overview
- No Home Owners Association
- 5 Units
- Riverview Heights Subd Subdivision
Building Details
- Operating Expense $13,280
- Gross Income $62,400
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/08/2025 01/08/25 | For Sale | $1,100,000 | -- | $344 / Sq Ft |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1033586
APN: 28-37-11-12-0000G.0-0001.01
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 1480 Roosevelt Ave Unit 104
- 1310 Jernigan Ave
- 2830 Colbert Cir
- 2609 Pond St
- 2600 Pond St
- 2619 Lipscomb St
- 2511 Lipscomb St
- 2502 Victoria Dr NE
- 2552 Spence Dr NE
- 1208 River Dr Unit 201
- 1208 E River Dr Unit 401
- 904 Brothers Ave
- 2260 Front St Unit 402
- 2260 Front St Unit 407
- 811 Calloway Ln
- 2220 Front St Unit 303
- 2220 Front St Unit 404
- 3031 Juanita Cir
- 0 Calloway Ln
- 2300 Front St Unit 301