620 E New Haven Avenue Melbourne, FL 32901

Building Details

Year Built

1954

Listing office Reach Commercial Real Estate c***@reachcommercialre.com Show Phone

Listing date Jan 8, 2025

Source Exitrealty

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Investment Insights

Based on property information with market context.

This meticulously maintained mixed-use building features five apartments and two retail spaces. The property generates an annual gross income of $122,552, derived from both residential and commercial sources, structured as gross and NNN leases. Recent extensive renovations include a roof replacement, fresh paint, new impact-rated windows, a new front patio, landscaping improvements, parking lot replacement, and new air conditioning units. The property size is 4443 square feet. These comprehensive upgrades position the property for long-term, profitable holding with minimal near-term capital expenditures.

Key Highlights

• Substantial annual gross income of $122,552 from a mix of residential and commercial tenants.
• Recent extensive renovations including roof replacement, impact‑rated windows, and new A/C units.
• Mixed‑use building with five apartments and two retail spaces.

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FAQs

What type of property is this?

Mixed-use property - Mixed-use building featuring apartments and retail spaces with recent renovations.

Where is this mixed-use property located?

The property is located at 620 E New Haven Avenue Melbourne, FL.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: Substantial annual gross income of $122,552 from a mix of residential and commercial tenants.; Recent extensive renovations including **roof replacement, impact‑rated windows, and new A/C units.**; Mixed‑use building with five apartments and two retail spaces.