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    837 Hickory St Melbourne, FL 32901

    For Sale
    $1,800,000

    8-unit multifamily property in Melbourne, Florida with updated interiors.

    Lot size:
    0.36 Acres

    Property Features for 837 Hickory St

    General Information

    Lot size
    0.36 Acres

    Building Details

    Year built
    1979

    Source: Bayside Property Services LLC Agent Lourdes Menendez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Investment Property

    This is an 8-unit multifamily CBS building located in Melbourne, Florida. The property offers a stable income stream and has been recently upgraded. Each unit features a 1 bed / 1 bath layout with updated interiors and a consistent rental history. The building has 5,500 square feet of rentable area and is situated on a 0.36-acre lot. The property provides a balance of density, parking convenience, and long-term tenant retention. The property features a new metal roof installed in 2020, updated electrical panels, appliances, and HVAC systems. The parking lot has been resurfaced and striped, and the building has been freshly painted. This property is positioned as a high-performing investment opportunity in a strong Space Coast rental market.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6133287
    Latitude
    28.0956633

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    FAQs

    What type of property is this?
    Apartment building - 8-unit multifamily property in Melbourne, Florida with updated interiors.
    Where is this apartment building located?
    The property is located at 837 Hickory St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Turnkey 8-unit multifamily investment property.; - Prime Melbourne, FL location in a strong rental market.; - Stable income with a 5% CAP rate.
    (786) 597-6680
    Request Owner's contact information
    837 Hickory St Melbourne, FL 32901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    837 Hickory St Melbourne, FL 32901
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