This Multifamily Property is Off-Market.

2664 Pineapple Avenue
Melbourne, FL 32935 ·

68 Spaces · Multifamily For Sale

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REDUCED + SELLER FINANCING + CASHFLOW

Price N/A Cap Rate 12.50%
No. Spaces 68 Gross Rent Multiplier 4.22
Property Type Multifamily Occupancy 80%
Property Sub-type
Mobile Home/RV Community
More...
  • Economy/ Limited Service
  • Garden/Low-Rise
No. Stories 1
Property Use Type Investment Lot Size 4.43 AC
Distressed Yes APN / Parcel ID 27 370900 502.1
Commission Split 4%
Listing ID: 16256393 Date Created: 05/28/2009 Last Updated: 11/03/2009

Description

Income and re-develop opp - existing 68 units
In prime Eau Gallie! best of Melbourne - mainland. On 4.43 acres.
Mix of Cottages, Apartments, Mobile homes and trailer lots.
Seller will carry-wrap loans with equitable down!
City will allow homes, cottages, senior living, complex.
Best for Owner-user. Developer. Contractor. Visionary.
Come and get it!

Across street from waterfront on prime Pineapple Ave.
Best Eau Gallie, Melbourne location at highest ridge on Pineapple Ave..
Near everything. Via Highway 1

Highlights

  • Seller financing! Wrap arround. subject-to.
  • Existing cash business at Land value!
  • Prime Space Coast! 10min. to Melbourne International, 45 to Orlando's
  • Take over existing LLC, Quick, Simplified transaction.
  • Best for owner-user, Builder, Handyman...
  • Seller may joint venture. or Trade for West coast

Research

2664 Pineapple Avenue, Melbourne, FL 32935 (Brevard County)

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