658 Young Street, Melbourne, FL 32935

$625,000
4
BD
4
BA
3,144
SqFt

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List Price
$625,000
Days on Market
119
MLS#
1076310
Year Built
1926
Bedrooms
4
Bathrooms
4
Living Area
3,144
Lot Size
4,792
Acres
0.11
MLS Area Major
Eau Gallie

Property Description

Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space. Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable washer/dryers. Just steps from the Eau Gallie Marina and walking distance to shops, restaurants, and nightlife, with quick access to US-1 and the beach. Upgrades include new plumbing, some new electrical, tankless water heaters, impact windows in most areas, 2022 roof, and remodeled interiors that preserve historic charm. With high rental demand in this district, this turnkey property offers strong income potential and long-term appreciation.

Additional Information

Floor
Laminate
Appliances
Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer Stacked, Other
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Gas Meters
Heating
Varies by Unit, Individual
Air Conditioning
Multi Units, Split System, Ductless
Fireplace
Yes
Exterior Construction
Frame, Stucco
Roof
Shingle
Middle School
Johnson

Listing courtesy of Space Coast Realty & Inv. LLC.

Listing courtesy of Space Coast Realty & Inv. LLC.

Courtesy of Space Coast Realty & Inv. LLC.

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Calculator source: Real Geeks