$1,499,999
Estimated Payment$7,084/mo
Multi-Family For SalePrice Drop -$1

1219 E Strawbridge Avenue, Melbourne, FL 32901

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5,852Sq. Ft.
2-Story Multi-Family Home In Melbourne

In Historic Downtown Melbourne walking distance to 288 businesses, 39 bars and restaurants. This property is a perfect value add opportunity. Room for rents to be doubled Or units can be flipped to Str where you can create serious Roi. C3 (mixed-use) property is currently comprised of 8 units. Four 2/1's, and Four 1/1. What a great 1031 Exchange Opportunity. 100% occupied. Current proforma (Noi) $70K a year (5% Cap). However - If turned into Str (Noi) $192K a year (11.19% Cap). This site sits in a Cra, which allows 100 units per acre, and a height of 8 stories. Potential to build something else on this site in the future.

1219 E Strawbridge Avenue is a multi family-home located in Brevard, the 32901 ZIP Code, and the University Park Elementary School, Herbert C. Hoover Middle School, and Melbourne High School attendance zones.

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1219 E Strawbridge Avenue
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Location
1219 E Strawbridge Avenue Melbourne, FL 32901
Home Details

Listing Details

General

  • Total Number of Units: 8

    Interior Details

    Utilities

    • Utilities: City Water

      General

      • Flooring: Wood
      • Appliances: Other

      Financial Details

      Tax Details

      • Annual Tax Amount: 7507

        HOA

        • Association: Yes

          Expenses

          • Rent Includes: Pest Control, Re Taxes, Sewer

            Property Details

            Parking

            • Parking Features: Open Parking
            • Other Parking: Open Parking

            Construction Details

            • Architectural Style: Efficiency Studio, Two Story
            • Construction Materials: Frame Wood, Stucco
            • Roof: Membrane

            General

            • Stories: 2
            • Lot Features: Sidewalks

            Location Details

            Region

            • City/Region: 330 Melbourne

              MLS Details

              General

              • Days on Homes.com: 51
              • MLS Number: 938072
              • Listed: 6/17/2022
              • Last Updated: 7/25/2022
              • Offered By: Curri Kirschner R.E. Group Llc
              • Listing Source: Space Coast Mls
              Monthly Payment Calculator

              $7,084

              Estimated Mortgage
              Principal & Interest
              $5,059
              Insurance
              $525
              Taxes
              $1,500
              Mortgage Insurance
              $0
              i
              Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
              i
              If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
              Price History
              • DateEventPrice
              • 07/11/2022$1$1,499,999
                Source: Space Coast MLS
              • 06/17/2022listed$1,500,000
                Source: Space Coast MLS
              Nearby Schools
              School data provided by GreatSchools
              i
              The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
              Points of Interest

              Airports

              Distance
              • Melbourne International
                3.8 mi

              Colleges

              Distance
              • Florida Tech
                2.4 mi
              • EFSC Palm Bay
                8.4 mi
              • EFSC Melbourne Campus
                8.6 mi

              Military Bases

              Distance
              • Patrick Air Force Base
                13.0 mi
              • John F Kennedy Space Center
                35.4 mi

              Parks and Recreation

              Distance
              • Florida Tech Botanical Garden
                2.8 mi

              Shopping Centers

              Distance
              • Silver Palm
                0.4 mi
              • Melbourne Shopping Center
                1.4 mi
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              Listing Agent
              Cassandra Hartford
              Curri Kirschner R.E. Group LLC
              Melbourne, FL
              Continue Your Search

              $1,499,999

              5,852 Sq. Ft.

              1219 E Strawbridge Avenue

              Melbourne, FL 32901

              Cassandra Hartford
              Curri Kirschner R.E. Group LLC