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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

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.
More about this property
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