2716 Riverview Dr Melbourne, FL 32901

Property Details for 2716 Riverview Dr

Year built

1927

Lot size

0.49 lot acres

Property size

3,316 SF

Property type

Multifamily properties

Description

This exceptional multifamily investment property, located at 2716 Riverview Drive Unit A, Melbourne, Florida, presents a rare opportunity to acquire a turn-key income-generating asset in a highly desirable location. The property boasts a prime position, offering stunning views of the Indian River and convenient access to the vibrant shops, dining, and attractions of Historic Downtown Melbourne. Situated on a spacious 0.49-acre lot, the property comprises two buildings housing a total of five rental units, providing a diverse mix of housing options to attract a wide range of tenants. The unit configuration includes two studios, one one-bedroom unit, and two two-bedroom units, catering to various tenant needs and maximizing rental income potential. The property is zoned Commercial Multi-Family Residential for 2 to 9 units, offering potential for future expansion or renovation to further enhance profitability. Ample parking is provided by two separate parking areas, ensuring convenient parking for all tenants. This property represents a compelling investment opportunity, combining the allure of a prime location, the stability of established rental income, and the potential for future growth in a thriving Florida market. The property's blend of historic charm and modern convenience makes it an attractive proposition for discerning investors seeking a strong return on investment. The existing tenant base and diverse unit mix contribute to a consistent cash flow, making this a truly turn-key investment ready to generate immediate income.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Longitude

-80.59744

Latitude

28.06849