2100 Franklin Street
Melbourne, FL 32901

Description

Beautifully renovated and fully occupied downtown Melbourne quadplex. Excellent location with long term tenants in place. Each unit has been fully renovated with a designer touch to ensure a high demand for future rentability. This is a turn key opportunity with a cap rate of nearly 10%. Capital expenditures will be minimal as the building has a new roof, new electrical panels, impact windows, gas hot water heater and more. Owners provide water, hot water, common electricity and internet. Tenants pay their own electricity, coin laundry provides additional revenue! Owners are licensed Florida realtors

Details

MLS#853272
Sub-TypeResale
StatusPending - Show
Days On Site8

Features

SQ Feet1,852
Units4
Building(s)1

Market Activity 32901

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Area Information

StateFL
CountyBrevard
CityMelbourne
Zip Code32901
Area330 - Melbourne
Listing VS Median (in 32901)
Price:
$349,000
low | high
Med:
$182,000
97.85100286533% of Average
SqFt:
1,852
low | high
Med:
1,277
81.047516198704% of Average
$ / SqFt:
$188
low | high
Med:
$143
74.369661164127% of Average
On Site:
8
low | high
Med:
42
19.047619047619% of Average
Listing Updated: 08/21/2019
MLS Number: 853272
Listing Provided By:
Scott Schuetz  of  Hoven Real Estate

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