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2716 Riverview Dr
For Sale $1,100,000 ($344.40 per Sq Ft)
$1,100,000 ($344.40 per Sq Ft)
- Units
- 3,194 Sq Ft
- 21,344 Sq Ft
- Unknown Cap Rate
Description
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, and two two-bedrooms. -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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,100,000 |
| Property Type | Other |
| Usable Sqft | 3,194 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1927 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 28 371112G1.01 |
| MLS # | O6269201 |
| Property ID | 321155651 |
| Lot Sqft | 21,344 |
| Zoning | R3(15) |
| Days on Market | 349 |
| Original List Price | $1,100,000 |
| Date Updated | April 23, 2025 |
| Date Created | January 06, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Leann Graefe, LLC an agent of KELLER WILLIAMS RLTY,BREVARD. Lic #3447853
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of April 23, 2025 The information being provided is 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.
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Robert Crawford
REAL ESTATE AGENT