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2513 Lipscomb Street, 
Melbourne, FL 32901

$177,500

5

Beds

5

Baths

2,607

Sq Ft

Single Family

Pending

Listed by

Laura Auten

Elevate Realty LLC.

MLS#

1070455

Source:

FL SPACE

About This Home

2513 Lipscomb Street

Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.

Home Facts

Single Family

5 Baths

5 Bedrooms

Built in 1930

Price Summary

177,500

$68 per Sq. Ft.

MLS #:

1070455

Added:

2 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

4

Interior

Living Area:

2,607 Sq. Ft.

Structure

Structure

Building Area:

2,607 Sq. Ft.

Year Built:

1930

Lot

Lot Size (Sq. Ft):

7,841

Finances & Disclosures

Finances

Price:

$177,500

Price per Sq. Ft:

$68 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.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.