1590 Highland Avenue
Melbourne, FL 32935

$1,200,000

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.

Details

MLS#833214
StyleIndustrial
Sub-TypeResale
StatusActive
Year1927
Days On Site137

Features

SQ Feet7,175
Story(s)1
Units15

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Area Information

StateFL
CountyBrevard
CityMelbourne
Zip Code32935
Area323 - Eau Gallie
Listing VS Median (in 32935)
Price:
$1,200,000
low | high
Med:
$169,000
100% of Average
SqFt:
7,175
low | high
Med:
1,218
100% of Average
$ / SqFt:
$167
low | high
Med:
$139
66.793520073447% of Average
On Site:
137
low | high
Med:
144
95.138888888889% of Average
Listing Updated: 05/21/2019
MLS Number: 833214
Listing Provided By:
Samantha Sarver  of  EXIT 1st Class Realty

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