1590 Highland Avenue

    Melbourne, FL 32935
    • $1,200,000
    • STATUS: Active
    • ON SITE: 288 days
    • MLS #: 833214
    UPDATED: 52 min ago
    $1,200,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,175
      SQFT
    • $167
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1927

    School Ratings & Info

    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.

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    © 2019 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Pamela Myers Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Pamela Myers Realty.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-10-20T17:09:40.653.
    www.myersrealty.org/homes/90613242

    1590 Highland Avenue Melbourne, FL 32935

    • Price: $1,200,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 833214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    7,175
    SQFT
    $167
    $/SQFT
    1927
    Built
    Neighborhood:
    None
    Area:
    323 - Eau Gallie
    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

    Construction Cbs Location Central Business Dst Roof Fiberglass Waterfront Present No

    Interior Features

    Ceiling Type DrywallHeight VariesSuspended Cooling Central BuildingCentral Individual Flooring LaminateTileWood Heating CentralCentral Individual Percent Air Conditioned Or Heated 100.00

    Property Features

    Available Info Books & RecordsContractsCopies Of LeaseFull FinancialsInventoryPhotosTax Return Building Info LaundryOutside StoragePrivate RestroomRear AccessReception Area Current Lease None Fire Protection Smoke AlarmSmoke Detector Gross Operating Income 138720.00 Other Income 1920.00 Possession At Closing Real Estate Taxes 7909.60 Sale Includes Building & LandEquipmentFixturesFurnitureInventoryLicenseSigns Security Security Sys-Owned Special Info None Tax Year 2018 Tenant Pays TrashWater Terms Considered CashConventional Utilities Cable AvailablePublic SewerTelephone Vacancy Rate 0.20

    Listing provided courtesy of Exit 1st Class Realty.
    © 2019 Space Coast Association of REALTORS®, Inc. All Rights Reserved.


    © 2019 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Pamela Myers Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Pamela Myers Realty.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-10-20T17:09:40.653.
     
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    414 Garden St.
    Titusville FL, 32796