Property

Melbourne, FL 32935 1832-1838 Pineapple Avenue

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Presented By: One Sotheby's International
  • Space Coast AOR - 230 - FL
  • MLS# 1016048
  • 12/10/2024
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
  • Beds • 6
  • SQFT • 8,324

Home Details

This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units,two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170,460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.
Presented By: One Sotheby's International

Interior Features for 1832-1838 Pineapple Avenue

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths0
Total Baths

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
FlooringTile, Vinyl, Wood
Heating Y/NYes
Laundry FeaturesElectric Dryer Hookup, In Unit, Washer Hookup
Total Stories2

Other Rooms

General for 1832-1838 Pineapple Avenue

Additional Parcels Description2717082
Attached Garage No
Carport Y/NNo
CityMelbourne
Construction MaterialsBlock, Frame, Stucco
ContingencyInspection
CoolingCentral Air, Wall/Window Unit(s)
CountyBrevard
Current UseMulti-Family
DirectionsGoing north in pineapple turn left on to Aurora and then the first right in to the alley, property is located on your right.
Elementary SchoolCreel
Full Baths
Garage Y/NNo
HOANo
HeatingCentral, Separate Meters, Varies by Unit
High SchoolEau Gallie
Home Warranty Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet17424.0
Lot Size UnitsAcres
MLS Area323 - Eau Gallie
MLS Area Minor323 - Eau Gallie
Middle/Junior High SchoolJohnson
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total11
OwnerPaysGas, Insurance, Taxes, Trash Collection, Water
PossessionClose Of Escrow
Property SubtypeMulti Family
Property TypeResidential Income
RoofMembrane, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Tax Annual Amount14484.0
Tax Year2023
Tenant PaysCable TV, Electricity
UtilitiesOther
Virtual TourClick here
Year Built1925

Exterior for 1832-1838 Pineapple Avenue

Building Area Total8971.0
BuyerOfficeFax407-566-2017
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.4
Lot Size Area0.4
Number of Buildings2
Parking FeaturesAssigned
SpaNo
Total Parking14.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

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

Valerie Croce

Price $1,790,000
MLS#1016048
List Date 12/10/2024
Property Type Contingent
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