Price: $1,999,999
1832-1838 Pineapple AvenueMelbourne, FL 32935
8,324
Square Foot
N/A
Bedrooms
0.00
Full Baths
N/A
½ Baths
No
Pool
1925
Year Built
Property Description:
This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units, two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170, 460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.
Exterior Features
N/A
Interior Features:
N/A
Equipment / Appliances:
N/A
Utilities:
N/A
Property Details
Street Name:
County:
Brevard
Listing Status:
Active
Tax Year:
2023
Pool:
No
Zip Code:
Tax Amount:
$14,484
HOA Dues:
$0.00
![Broker Reciprocity](/images/layout/broker-rep.png)
1832-1838 Pineapple Avenue Melbourne, FL 32935
This listing is courtesy of David Curri Real Estate Group.
Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Vero Beach, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard and Central Florida.
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