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620 E New Haven Avenue , #20102

Melbourne, FL 32901
  • $1,985,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 940091
Price Reduced
UPDATED: 182 min ago
$1,985,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,002
    SQFT
  • $496
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1954

School Ratings & Info

Description

This recently renovated mixed use downtown building contains five apartments and two retail spaces. A profitable, performing rental property with fresh tenants is rare on this coveted downtown strip. This is your chance to purchase a property with good economic performance today and a huge future value potential as Downtown Melbourne continues to flourish. Renovations included roof replacement, paint, new impact rated windows, a new front patio, landscaping, parking lot replacement, new air conditioning units and many other improvements. Building has been designed and set up for a long, profitable holding for a party seeking passive income. ~6% CAP Rate at current levels, can be increased by new owners.

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© 2022 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Engel & Voelkers Melbourne Central are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Engel & Voelkers Melbourne Central.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-09-27T00:09:51.87.
www.homesinmelbournefl.com/homes/130873520
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620 E New Haven Avenue , #20102 Melbourne, FL 32901

  • Price: $1,985,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 182 min ago
  • MLS #: 940091
0
Beds
0
Baths
0
½ Baths
0.19
Acres
4,002
SQFT
$496
$/SQFT
1954
Built
Neighborhood:
330 - Melbourne
Area:
330 - Melbourne
Property Description
This recently renovated mixed use downtown building contains five apartments and two retail spaces. A profitable, performing rental property with fresh tenants is rare on this coveted downtown strip. This is your chance to purchase a property with good economic performance today and a huge future value potential as Downtown Melbourne continues to flourish. Renovations included roof replacement, paint, new impact rated windows, a new front patio, landscaping, parking lot replacement, new air conditioning units and many other improvements. Building has been designed and set up for a long, profitable holding for a party seeking passive income. ~6% CAP Rate at current levels, can be increased by new owners.
Exterior Features

Construction BlockCbsCbsConcreteMixed Location Central Business Dst Roof Comp Rolled

Interior Features

Clear Ceiling Height 4002.00 Cooling Ceiling Fan(S)Central AirElectric Flooring CarpetConcreteOtherTile Heating ElectricGas Percent Air Conditioned Or Heated 100.00

Property Features

Available Info Copies Of LeaseSurvey Current Lease 1 - 3 Years Fire Protection Smoke AlarmSmoke Detector Gross Operating Income 130800.00 Net Operating Income 119114.20 Possession At ClosingSubject To Lease Real Estate Taxes 5936.96 Rent Unit A 21000.00 Rent Unit B 32400.00 Rent Unit C 12000.00 Rent Unit D 16800.00 Rent Unit E 7800.00 Rent Unit F 20400.00 Rent Unit G 20400.00 Sale Includes Building & Land Special Info City JurisdictionCorporate OwnedPresently Leased Tax Year 2020 Tenant Pays Ac MainCommon Area Maint.ElectricGasRepairsSewerTrashWater Terms Considered CashConventional Unit Description A Retail Shop Unit Description B Retail Shop Unit Description C One Bedroom Apt Unit Description D One Bedroom Apt Unit Description E One Bedroom Unit Description F Two Bedroom Apt Unit Description G Two Bedroom Apt Units Type A 2 Units Type B 2 Units Type C 3 Units Type D 3 Units Type E 3 Units Type F 2 Units Type G 2 Utilities Gas - Natural GasMunicipal WaterPublic Sewer

Listing provided courtesy of U S Realty Hub Llc: (407) 900-1001.
© 2022 Space Coast Association of REALTORS®, Inc. All Rights Reserved.


© 2022 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Engel & Voelkers Melbourne Central are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Engel & Voelkers Melbourne Central.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-09-27T00:09:51.87.
 
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Engel & Voelkers Melbourne Central
524 N. Habor City Blvd.
Melbourne FL, 32935