Seller's Agent in 2023
Shey Anderson
JM Real Estate
(321) 749-8921
5 in this area
8 Total Sales
1838 Pineapple Ave Melbourne, FL 32935
Studio
1
Bath
5,924
Sq Ft
8,712
Sq Ft
Highlights
- The property is located in a historic district
- No HOA
- Wood Siding
- Wood Flooring
- Cooling System Mounted To A Wall/Window
About This Home
As of August 2023Discover an incredible investment opportunity with this 8-unit property! Nestled in the heart of the historic Eau Gallie Arts District, this gem of a building once known as The Libbyan in the 1920s is now ready to be a lucrative addition to your real estate portfolio. Recent renovations, including Electric in 2022, Sewer Lateral Line in 2021, and Roof in 2014, provide peace of mind for a savvy investor seeking a well-maintained property. Spanning across 5,956 SF, this investment property offers a mix of One Bedroom and Studio Units, appealing to a wide range of potential tenants. With Gross Rents totaling over $81,000 annually, and rental rates with room to grow this property offers a solid investment with increased potential.
Co-Listed By
Rob Solito
JM Real Estate License #3346024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,391
Year Built
- Built in 1925
Lot Details
- 8,712 Sq Ft Lot
- Few Trees
Home Design
- Frame Construction
- Membrane Roofing
- Wood Siding
- Stucco
Interior Spaces
- 5,924 Sq Ft Home
- 2-Story Property
- Gas Range
Flooring
- Wood
- Tile
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Assigned Parking
Location
- The property is located in a historic district
Schools
- Creel Elementary School
- Johnson Middle School
- Eau Gallie High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Separate Meters
- Propane
Listing and Financial Details
- The owner pays for electricity, gas, grounds care, insurance, management, pest control, sewer, taxes, trash collection, water
- Assessor Parcel Number 27-37-16-25-00008.0-0014.00
Community Details
Overview
- No Home Owners Association
- 8 Units
Building Details
- Operating Expense $24,675
- Gross Income $81,240
- Net Operating Income $56,565
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/19/2023 08/19/23 | Sold | $900,000 | -8.6% | $152 / Sq Ft | |
| 07/28/2023 07/28/23 | Pending | -- | -- | -- | |
| 07/25/2023 07/25/23 | For Sale | $985,000 | +126.4% | $166 / Sq Ft | |
| 12/04/2020 12/04/20 | Sold | $435,000 | -12.1% | $73 / Sq Ft | View Prior Sale |
| 10/31/2020 10/31/20 | Pending | -- | -- | -- | |
| 10/26/2020 10/26/20 | For Sale | $495,000 | +37.5% | $84 / Sq Ft | |
| 04/12/2018 04/12/18 | Sold | $360,000 | -16.3% | $61 / Sq Ft | View Prior Sale |
| 03/12/2018 03/12/18 | Pending | -- | -- | -- | |
| 03/09/2018 03/09/18 | For Sale | $429,900 | 0.0% | $73 / Sq Ft | |
| 02/26/2018 02/26/18 | Pending | -- | -- | -- | |
| 02/23/2018 02/23/18 | For Sale | $429,900 | 0.0% | $73 / Sq Ft | |
| 12/22/2012 12/22/12 | Rented | $475 | 0.0% | -- | |
| 12/13/2012 12/13/12 | Under Contract | -- | -- | -- | |
| 12/03/2012 12/03/12 | For Rent | $475 | -5.0% | -- | |
| 02/01/2012 02/01/12 | Rented | $500 | +11.1% | -- | |
| 01/24/2012 01/24/12 | Under Contract | -- | -- | -- | |
| 11/18/2011 11/18/11 | For Rent | $450 | -- | -- |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
Agents Affiliated with this Home
-
Shey Anderson
-
R
Seller Co-Listing Agent in 2023
Rob Solito
JM Real Estate
-
David Curri
Buyer's Agent in 2023
David Curri
David Curri Real Estate Group
(321) 300-5409
21 in this area
159 Total Sales
-
Steve Harrington
Seller's Agent in 2020
Steve Harrington
Florida Property Center
(321) 759-5533
66 Total Sales
-
P
Seller's Agent in 2018
Phil Rooney
Edwards Realty Inc.
-
S
Seller Co-Listing Agent in 2018
Sandra Rodriguez
Edwards Realty Inc.
Map
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 970834
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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