Price: $1,200,000

1590 Highland AvenueMelbourne, FL 32935


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0

Square Foot

7,175

Total Sq. Ft.

N/A

Bedrooms

2.00

Full Baths

N/A

½ Baths

1927

Year Built

MLS # 833214


Type: Commercial

List Date: 01-04-2019

Homestead: N/A

Zoning: N/A

Property Description:

Amazing income producing opportunity located in the Historic Eau Gallie Art District. Busy and well established salon and spa on the first level and a 12 unit rooming house on the upper level, that includes a coin operated washer and dryer. The upstairs units work on transient leases, so there is little to no vacancy rate. All plumbing and electrical has been renewed. The roof was replaced in 2014. With a Cap Rate of 8.12%, this turn key investment is one of the highest yielding in Brevard.

Exterior Features

N/A


Interior Features:

N/A


Equipment / Appliances:

N/A


Utilities:

Cable Available, Public Sewer, Telephone

Property Details


Street Name:

Listing Status:

Active

Tax Year:

2018

Zip Code:

Subdivision:

None

Construction:

CBS

Roof Type:

Fiberglass

Tax Amount:

$7,910

HOA:

No

HOA Dues:

$0.00

Broker Reciprocity
1590 Highland Avenue Melbourne, FL 32935

This listing is courtesy of EXIT 1st Class Realty.

Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Vero Beach, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard and Central Florida.

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