Courtesy: RE/MAX Alternative Realty
321-777-4111
Income producing property. Live in one side and rent the other. Furnished studio apartment with updated kitchen and bathroom. 2 bedroom and one bath home with luxury vinyl plank flooring, new roof (July 2024), plumbing drains relined 2022, new septic tank/pump 2023, water filter and aerator 2019, bathrooms 2022, LVP floors 2022, HVAC main home 2021/ apartment 2019, water heater 2022. No HOA so it feels like country living in the heart of the bustling tech area of Melbourne.
Courtesy: RE/MAX Aerospace Realty
321-631-5511
Charming, historic building on .32 acre lot with lots of trees. Fully-rented quadplex in convenient Melbourne location close to Indian River. Each unit is 1-bedroom, 1-bath and all tenants rent on month-to-month basis. Owner appreciates great, long-term tenants so they're paying under-market rent. Rolled membrane roof 2020. Each unit has its own electric meter and central AC system. 1 water meter, and owner pays. 4 parking spaces in front and ample parking in rear lot. Primary front doors in front; each unit also has rear access. Unique, interesting building with great income potential. Convenient to beaches, I-95, Patrick Space Force Base, shopping, and dining. Don't miss it!
Courtesy: PINEAPPLE PLACE REALTY, LLC
407-497-8563
PRICE IMPROVEMENT! TURN-KEY vacation rental investment opportunity 2 blocks from Historic Downtown. Operated as a professionally managed STR since 2018, the Lincoln Guest House has broad appeal to vacationers, students and professionals. This Spanish Colonial quadraplex apartment offers four one-bedroom/one-bath apartments metered separately. The units are fully furnished and thoughtfully decorated with a mix of modern aesthetic and old-Florida charm. The quad is within walking distance of restaurants, bars, shops with Indialantic beaches just over the causeway and easy access to US1 and A1A. Established STR operation with high occupancy currently listed on Airbnb, VRBO, direct website and mid-term channels. Professionally managed, property has a long income history, streamlined operations and software stack to optimize occupancy and rates. This is a great passive investment opportunity, turnkey self-managed STR or 1031 exchange. Professional management with Superhost status can continue. Improvements: new roof installed 2023 and 4 high-efficiency ductless AC systems also installed in 2023. Flexible C1 mixed-use zoning. Gross income of $110,000 (3 yr avg) with very high occupancy and steady income.
Courtesy: Barrier Island Properties
321-461-7126
MAJOR PRICE REDUCTION! Freshly painted & turn key! Cozy and bright fully furnished duplex ready for you to move in! Live in one & rent out the other! Each side of the duplex is a 2 Bedroom, 1 Bath. Freshly painted exterior, brand new windows, back doors, water heater, and freshly painted interior! Each unit is 808 sq ft and has its own laundry room. Separate electric and water meters. Plenty of parking. Close to beaches, intercostal and easy access to 95 & the airport. Downtown Eau Gallie is just a short walk with lots of restaurants and shops! Schedule your showing today!
MAJOR PRICE REDUCTION! Freshly painted & turn key! Cozy and bright fully furnished duplex ready for you to move in! Live in one & rent out the other! Each side of the duplex is a 2 Bedroom, 1 Bath. Freshly painted exterior, brand new windows, back doors, water heater, and freshly painted interior! Each unit is 808 sq ft and has its own laundry room. Separate electric and water meters. Plenty of parking. Close to beaches, intercostal and easy access to 95 & the airport. Downtown Eau Gallie is just a short walk with lots of restaurants and shops! Schedule your showing today!
5283-5285 Palmetto Dr. LOCATION LOCATION LOCATION!! Charming tropical DUPLEX within walking distance of beautiful Melbourne Beach on over half an acre.
Courtesy: Elevate Realty LLC
561-427-3923
Opportunity awaits! Investor special and no need for a new roof as the seller has already done that for you. 2 separate buildings for under $250k. Schedule a showing today.
Courtesy: Relentless Real Estate Co.
321-302-0763
Welcome to The Eau Gallie Inn !!! This multi-unit family estate / compound is perfect for income-producing short-term rentals. AirBnb Friendly. VRBO Friendly. Nestled on a beautifully landscaped property, the compound features a main house, a cozy cottage, and a romantic cottage, all completely remodeled to offer modern comforts. The property boasts amenities including a sparkling pool, pickleball courts, and C-1 commercial zoning, providing ample opportunities for additional ventures. Whether you're looking to host guests or operate a wedding venue, this cash flow-producing property is a rare gem that combines luxury with lucrative investment potential. Don't miss out on this unique opportunity!
Courtesy: RE/MAX Alternative Realty
321-777-4111
AMAZING OPPORTUNITY TO OWN A REDONE DUPLEX IN DOWNTOWN MELBOURNE ON THE AVENUE!! This FULLY FURNISHED stylish duplex comes completely furnished with all artwork, linens and more. With the modern industrial design makes for the perfect Downtown retreat. This is a high income producing investments $46,800 gross and NET appx $36,000 a YEAR. PLUS, SO MUCH REDVELOP POTINEIAL, ZONING ALLOWS UP TO UNITS 14 UNITS ON THIS LOT!! BEST ZONING IN BREVARD COUNTY. OWNER FINANCING AVALIBLE WITH 50% DOWN.. DO NOT DISTURB TENANTS!! DO NOT PULL INTO PROPERTY WITHOUT TALKING TO AGENT. DO NOT GO ONTO PROPERTY! DRIVE BY ONLY!!
Courtesy: David Curri Real Estate Group
321-604-3403
This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units,two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170,460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.
Courtesy: Florida Elite Real Estate
321-266-1798
RARE DUPLEX / MULTIFAMILY OPPORTUNITY with two separate homes on one lot in the heart of Eau Gallie's vibrant Arts District (EGAD). The front dwelling includes 2 bedrooms and 2 bathrooms, while the charming rear cottage offers 1 bedroom and 1 bathroom. Situated on a quiet street just blocks from the area's lively attractions, this property offers the advantage of a prime location along with a steady income stream, as both units are currently rented on a long-term basis, with current leases expiring 12/31/24 and 3/31/25, respectively. EGAD, Eau Gallie's dynamic downtown area, is a short stroll away, offering a diverse mix of shops, fantastic restaurants, art galleries, and family-friendly spots like the Intracoastal Brewery. Enjoy nearby bakeries, the post office, civic center, and Eau Gallie Pier—all contributing to the district's lively, creative atmosphere. Newer roofs installed in June 2019.
Courtesy: Dalton Wade, Inc.
888-688-8283
Welcome to Income Property Paradise when you enter these quaint cottages located near the downtown Eau Gallie Art District near historic downtown. With three units that rent year round these cottages are the perfect getaway to experience the Florida Lifestyle. Cottage A boasts two bedrooms and one full bathroom with beautiful Tile Flooring, freshly painted and furnished. This Cottage is unique as it has an open living space and full kitchen. Step out of the front porch and enjoy the refreshing Florida breeze as you're just blocks from the Indian River Lagoon. Cottage B features one bedroom, one bathroom and kitchen. Enjoy the view of your patio right from your sofa. Cottage B's lavish features include Luxury Vinyl Flooring, private patio and is fully furnished. Cottage C screams privacy as you enter its owned private patio with screened in porch area. With one bedroom and one bathroom cottage C offers plenty of space. This Cottage offers a full kitchen and living room and is fully furnished with an open floor plan and Laundry inside the unit. Relax on your screened-in patio or take a stroll through downtown or by the river; these quaint cottages of three make the perfect Income Producing Property. Located minutes from the Eau Gallie Art District and a short drive to the beaches this is the perfect Florida getaway! 2013 Guava spotlights its own private parking and storage shed!
Courtesy: The Ullian Realty Corporation
321-729-9900
Excellent opportunity to purchase a 5-unit mixed-use building in the heart of Downtown Melbourne! 911-919 New Haven has 2 commercial units + 2 residential units. 1st Floor = 1,548 SF Ice Cream Store + 2,169 SF Gift Shop. 2nd Floor = one 3/1 apartment + one 3/2 apartment. 2016 Melbourne Court is an 864 SF coffee shop. Est. proforma NOI is $142,200 (6.5% CAP). High foot traffic area with exposure to est. 15,000 VPD on New Haven Avenue. C3 Zoning allows Office, Retail, Short Term Rentals, Restaurants & more! Close proximity to Hotel Melby, Highline Apartments, and all of the other beaches, restaurants, and shopping that the area has to offer. Melbourne International Airport is less than a 10-minute drive away which is significant as TUI Airlines flies est. 156,000 tourists to Melbourne annually. Call today for a tour!
Discover an incredible opportunity with this prime property! Located at 1912 Glendon Drive, this spacious lot not only boasts a fantastic residential location but also holds the potential for a variety of businesses. Potential Zoning: R-P, C-1A, and C-2. This property is your gateway to financial opportunities. With its unique zoning, it offers the flexibility to serve as a lucrative rental income producer, or as a versatile commercial. Don't miss out on this exceptional opportunity to turn this property into a successful venture. Contact us today!
Courtesy: Real Estate Solutions Brevard
321-610-1550
This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living,city water/sewer,well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity
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Melbourne is located in Florida. Melbourne, Florida has a population of 83,500. Melbourne is more family-centric than the surrounding county with 24.42% of the households containing married families with children. The county average for households married with children is 24.34%.
The median household income in Melbourne, Florida is $55,543. The median household income for the surrounding county is $63,632 compared to the national median of $69,021. The median age of people living in Melbourne is 42.4 years.
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 48.9 degrees. The average rainfall is approximately 53.5 inches per year, with 0 inches of snow per year.
