Price: $1,955,000
89 NW Irwin AvenueMelbourne, FL 32904
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7,728
Square Foot
N/A
Bedrooms
0.00
Full Baths
N/A
½ Baths
No
Pool
No
Waterfront
1973
Year Built
Property Description:
This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue--a fully renovated, fully occupied complex bringing in $16, 000 monthly in rental income, with the potential to increase rents to $18, 000 monthly. Listed at $1, 955, 000, the property currently yields an annual income of $192, 000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216, 000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit apartment building, each unit with 1 bedroom and 1 bathroom. 87 NW Irwin: A single-family home with 3 bedrooms and 2 bathrooms. 85 NW Irwin: A duplex, each unit featuring 2 bedrooms and 1 bathroom. With solid current returns and room for growth, this is an ideal addition to any investment portfolio.
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:
2024
Pool:
No
Waterfront:
No
Zip Code:
Tax Amount:
$10,134
HOA Dues:
$0.00
89 NW Irwin Avenue Melbourne, FL 32904
This listing is courtesy of Relentless Real Estate Co..
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