Price: $599,999
2581 Spence DrivePalm Bay, FL 32905
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2,458
Square Foot
N/A
Bedrooms
0.00
Full Baths
N/A
½ Baths
No
Pool
No
Waterfront
1958
Year Built
Property Description:
Income Producing Property near Downtown Melbourne. Welcome to 2581 Spence Dr, a rare and versatile multi unit property offering immediate income and long term upside. This unique compound style residence is occupied and currently generating rental income, making it an ideal opportunity for investors seeking a stabilized asset in a growing market. The property features a main home with 2 bedrooms, 1 bathroom, and a garage, complemented by five additional rental units that allow for diversified income streams. These include: Unit A: Studio, Unit B: Studio, Unit C: 1-bedroom unit, Unit D: Efficiency unit with a loft, Unit E: Efficiency. Tenants enjoy shared amenities including a central courtyard that creates a welcoming community feel, as well as a dedicated laundry area for added convenience. Major improvements have already been completed, offering peace of mind to the next owner. The property has a newer roof and fencing.
Exterior Features
N/A
Interior Features:
N/A
Equipment / Appliances:
N/A
Utilities:
N/A
Property Details
Street Name:
County:
Brevard
Listing Status:
Active
Tax Year:
2025
Pool:
No
Private Pool:
No
Waterfront:
No
Zip Code:
Tax Amount:
$3,230
HOA Dues:
$0.00
2581 Spence Drive Palm Bay, FL 32905
This listing is courtesy of Blue Marlin Real Estate.
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