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Property view

1838 Pineapple Avenue, 
Melbourne, FL 32935

$900,000

—

Bed

—

Bath

5,924

Sq Ft

Multi-Family

Sold

Listed by

Shey Anderson

, 

Robert Solito

Bought with David Curri Real Estate Group

Jm Real Estate

MLS#

970834

Source:

FL SPACE

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About This Home

1838 Pineapple Avenue

Discover an incredible investment opportunity with this 8-unit property! Nestled in the heart of the historic Eau Gallie Arts District, this gem of a building once known as The Libbyan in the 1920s is now ready to be a lucrative addition to your real estate portfolio. Recent renovations, including Electric in 2022, Sewer Lateral Line in 2021, and Roof in 2014, provide peace of mind for a savvy investor seeking a well-maintained property. Spanning across 5,956 SF, this investment property offers a mix of One Bedroom and Studio Units, appealing to a wide range of potential tenants. With Gross Rents totaling over $81,000 annually, and rental rates with room to grow this property offers a solid investment with increased potential.

Home Facts

Multi-Family

Built in 1925

Price Summary

985,000

$166 per Sq. Ft.

MLS #:

970834

Sold:

August 19, 2023

Rooms & Interior

Interior

Living Area:

5,924 Sq. Ft.

Structure

Structure

Building Area:

5,956 Sq. Ft.

Year Built:

1925

Lot

Lot Size (Sq. Ft):

8,712

Finances & Disclosures

Finances

Price:

$985,000

Price per Sq. Ft:

$166 per Sq. Ft.

Source:FL SPACE
Information deemed reliable but not guaranteed. Information is provided, in part, by Brevard MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.