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1042 Sea Grape Drive, Melbourne, FL – $550,000

  • $550k Price
  • 4,860 Sqft
  • ½ Acres
  • 62 DOM
  • $550k Price
  • 4,860 Sqft
  • ½ Acres
  • 62 DOM

1042 Sea Grape Drive

100% occupied MultiFamily Investment opportunity with very low turnover. These 8 units consist of 1 Studio, Four 1 bedrooms , & three 2 bedroom Apartments . All Tenants are Month 2 Month but been there for awhile. Cash Cow that currently yields an 8.5% return after expenses. This property is adjacent to another like property that is also available and consists of 9 more apartments. Family Estate sale, as the current heirs live out of state.

Essential Information

  • MLS® #872071
  • Price$550,000
  • Square Footage4,860
  • Acres0.50
  • Year Built1984
  • TypeIncome
  • Sub-TypeIncome
  • StyleOne Story
  • StatusContingent

Community Information

  • Address1042 Sea Grape Drive
  • Area323 - Eau Gallie
  • SubdivisionRIVERVIEW
  • CityMelbourne
  • CountyBrevard
  • StateFL
  • Zip Code32935

Amenities

  • UtilitiesCity Water, Common Water
  • ParkingOpen Parking

Interior

  • AppliancesOther - Call Agent
  • CoolingWall - Window

Exterior

  • ExteriorStucco
  • Lot DescriptionCity
  • RoofShingle - Asphalt
  • ConstructionConcrete Block, Frame - Wood

School Information

  • ElementaryCreel
  • MiddleJohnson
  • HighEau Gallie

Additional Information

  • HOA Fees0.00

Listing Details

  • OfficeCurri Properties
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The information being provided by the Space Coast Association of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.