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- LoopNet Team
1042 Sea Grape Dr
Melbourne, FL 32935
2536 Pineapple Ave - 2 parcel - Multi-family · Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- 100% OCCUPIED, LITTLE-TO-NO VACANCY
PROPERTY FACTS
| No. Units | 17 | Lot Size | 0.82 AC |
| Property Type | Multifamily | Building Size | 7,651 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1961 |
| Zoning | R2(6) | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 7,651 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R2(6) |
ABOUT 1042 SEA GRAPE DR , MELBOURNE, FL 32935
1042 Sea Grape Dr, Melbourne, FL v 2 buildings - one single story, one 2-story v Single story building consists of (4) one-bedroom units & (1) studio unit (5-PLEX) v 2-story building consists of (3) two-bedroom units (TRIPLEX) v City water & City Sewer - Rent includes water for all units v 5-PLEX – Electric meters are separate & paid by tenant v TRIPLEX – Shared electric meter & paid by property owner v 0.5-acre parcel v Combination of concrete block and wood frame construction 2536 Pineapple Ave, Melbourne, FL v 3 buildings – all single story v One building consists of (5) studio units (5-PLEX) – New roof 2018 v One building consists of (2) one-bedroom units (DUPLEX) v One building consists of (2) studio units (DUPLEX) – New roof 2018 v City water & City Sewer - Rent includes water for all units v 5-PLEX – Shared electric meters & paid by property owner v DUPLEX – All duplex units are on separate electric meters & paid by tenants v 0.32-acre parcel v Combination of concrete block and wood frame construction v Upgraded 100 Amp electric panels in all units v Plumbing replaced w/ PVC supply and drain lines approx. 12 years ago
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $575.00 | - |
| 1+1 | 4 | $635.00 | - |
| 2+1 | 3 | $740.00 | - |
| Studios | 7 | $517.50 | - |
| 1+1 | 2 | $542.50 | - |
