Homes for sale - 406 Bluff DR, Melbourne, FL 32901

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LPT Realty

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$ 599,900

Est. payment | -/mo

3,324 SqFt

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$ 599,900

Est. payment | -/mo

Save Virtual Tour

3,324 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,324 sqft

Price per Sqft $180

MLS Listing ID 952632

HOA Y/N No

Total Fin. Sqft 3324

Originating Board Space Coast MLS (Space Coast Association of REALTORS®)

Year Built 1925

Annual Tax Amount $1,020

Tax Year 2022

Lot Size 0.570 Acres

Acres 0.57

Property Description

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

Location

State FL

County Brevard

Area 323 - Eau Gallie

Direction From US1 go West on Avenue D then South onto Bluff Drive.

Interior

Heating None

Cooling None

Flooring Other

Appliance Other

Exterior

Exterior Feature ExteriorFeatures

Parking Features Detached

Pool None

Utilities Available Cable Available, Sewer Available, Water Available

Roof Type Membrane

Present Use Other

Street Surface Paved

Garage No

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Harbor City

High Schools Melbourne

Others

Senior Community No

Tax ID 27-37-27-51-00000.0-0200.00

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Space Coast Association of Realtors (Brevard MLS)

Listed by Real Estate Solutions Brevard

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