NOT LISTED FOR SALE

2121 Pineapple Ave Melbourne, FL 32935

4 Beds
1 Bath
2,546 Sq Ft
0.62 Acres

Last Sold June 25, 2024

Last sale price $955,000 $375 Per Sq Ft

197 Days on Market

Highlights

  • Boat Dock
  • RV Access or Parking
  • No HOA
  • River Front
  • 0.62 Acre Lot
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2024

Stunning river views! This waterfront property includes (2) 1Bed/1Bath units and a 2Bed/1Bath home. All the updated units include brand new plumbing, sewer lines, and roof, plus an HVAC for the house.

This riverfront property is the perfect investor find, whether looking to Airbnb/VRBO or living onsite and leasing the other two spaces for added income.

This 3-unit property is centrally located on the Indian River, on the fringe of the Eau Gallie Arts District (EGAD), close to beaches, near shopping, and just a short distance to I-95.

Last Agent to Sell the Property

Jason Engle

RE/MAX Solutions License #3088321 Listed on: 12/30/2023

RE/MAX Solutions

Last Buyer's Agent

Chi Nguyen

Blue Marlin Real Estate License #3355581

Blue Marlin Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,500

Year Built

  • Built in 1957

Lot Details

  • 0.62 Acre Lot
  • River Front

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 4 Bedrooms
  • 2,546 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Electric Range

Parking

  • 2 Carport Spaces
  • RV Access or Parking

Schools

  • Creel Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Well

Listing and Financial Details

  • The owner pays for grounds care, management, pest control, repairs, sewer, taxes, water
  • Assessor Parcel Number 27-37-16-25-0000a.0-0016.00

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Boat Dock

Building Details

  • Operating Expense $29,340
  • Gross Income $66,000
  • Net Operating Income $33,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,500

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1957
  • Reso Property Sub Type: Triplex
  • Water Body Name: Indian River
  • Reso Association Amenities: Boat Dock
  • ResoSpecialListingConditions: Standard
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 27-37-16-25-0000a.0-0016.00
  • Location Tax and Legal Elementary School: Creel
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 4500.0
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 2546.0
  • General Property Information Building Area Total3: 2656.0
  • General Property Information Lot Size Acres: 0.62
  • General Property Information Lot Size Square Feet2: 27007.0
  • General Property Information New Construction YN: No
  • General Property Information Carport Spaces2: 2.0
  • General Property Information Waterfront YN: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Gross Scheduled Income: 66000.0
  • Income And Expenses Operating Expense: 29340.0
  • Cooling WallWindow Unit(s): Yes
  • Utilities Sewer Connected: Yes
  • Owner Pays:Sewer2: Yes
  • Marketing Remarks:Marketing Remarks: Stunning river views! This waterfront property includes (2) 1Bed/1Bath units and a 2Bed/1Bath home. All the updated units include brand new plumbing, sewer lines, and roof, plus an HVAC for the house. This riverfront property is the perfect investor find, whether looking to Airbnb/VRBO or living onsite and leasing the other two spaces for added income. This 3-unit property is centrally located on the Indian River, on the fringe of the Eau Gallie Arts District (EGAD), close to beaches, near shopping, and just a short distance to I-95.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Electric Range, Refrigerator
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.62
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Frame, Stucco, Wood Siding
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:River Front: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport, RV Access/Parking
  • General Property Information:Garage YN: No
  • Parking Features:Carport: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Utilities: Electricity Connected, Sewer Connected
  • Heating: Central, Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Association Amenities:Boat Dock: Yes

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Current Use: Commercial, Investment, Multi-Family
  • Lot Size Sq Ft: 27007.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-16-25-0000a.0-0016.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Management, Pest Control, Repairs, Sewer, Taxes, Water, Other

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4500.0

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 29340.0
  • Income And Expenses Net Operating Income: 33360.0

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2024 06/25/24 Sold $955,000 -13.2% $375 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
12/30/2023 12/30/23 For Sale $1,100,000 0.0% $432 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
11/27/2023 11/27/23 Price Changed $1,100,000 -2.6% $432 / Sq Ft
11/05/2023 11/05/23 For Sale $1,129,000 +125.8% $443 / Sq Ft
08/26/2016 08/26/16 Sold $500,000 -23.1% $196 / Sq Ft View Prior Sale
07/14/2016 07/14/16 Pending -- -- --
07/02/2016 07/02/16 For Sale $650,000 -- $255 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jason Engle

    RE/MAX

    (321) 501-1335

    2 in this area

    19 Total Sales

    Jason Engle
    Section Image
  • Chi Nguyen

    Buyer's Agent in 2024

    Chi Nguyen

    Blue Marlin Real Estate

    (321) 355-6677

    21 in this area

    56 Total Sales

    Chi Nguyen
    Section Image
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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 979614

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-16-25-0000A.0-0016.00

Florida Brevard County Melbourne 32935

2121 Pineapple Ave, Melbourne, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) 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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