406 Bluff DR Active Save Request In-Person Tour Request Virtual Tour
Melbourne,FL 32901
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,324 sqft
Price per Sqft $150
MLS Listing ID 952632
Year Built 1925
Annual Tax Amount $1,020
Tax Year 2022
Lot Size 0.570 Acres
Property Sub-Type Multi Family
Property Description
This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living,city water/sewer,well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity
Location
State FL
County Brevard
Area 323 - Eau Gallie
Interior
Heating None
Cooling None
Flooring Other
Exterior
Exterior Feature ExteriorFeatures
Parking Features Detached
Utilities Available Cable Available,Sewer Available,Water Available
Roof Type Membrane
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Harbor City
High Schools Melbourne
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/952632