2536 Pineapple Ave | Melbourne, FL 32935
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- LoopNet Team
2536 Pineapple Ave
Melbourne, FL 32935
Multifamily Property For Sale
·
9 Units
Investment Highlights
- 100% OCCUPIED, LOW-TO-NO VACANCY
- Adjacent to available 8 unit multi-family property also for sale
Property Facts
| No. Units | 9 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 2,851 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1946 |
| Zoning | R1A | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 2,851 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1946 |
| Zoning | R1A |
About 2536 PINEAPPLE AVE , MELBOURNE, FL 32935
100% occupied Multi-Family Investment opportunity with very low turnover. These 9 units consist of 7 Studio apartments and 2 One-Bedroom apartments. All Tenants are Month-to-Month but have been there a while. Cash Cow that currently yields an 8.5% return AFTER expenses. This property is adjacent to another like property that is also available and consists of 8 more apartments ($500,000).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | $517.50 | - |
| 1+1 | 2 | $542.50 | - |
Property Taxes
| Parcel Number | 27-37-09-51-00000.0-0008.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $738,730 |
Property Taxes
Parcel Number
27-37-09-51-00000.0-0008.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$738,730
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