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$1,955,000
32 Days On Site

89 NW Irwin Avenue
Melbourne, FL 32904

For Sale|Multi Family|Pending
8
Beds
8
Full Baths
0
Partial Baths
7,728
SqFt
$253
/SqFt
1973
Built
County:
Brevard
89 NW Irwin Avenue89 NW Irwin Avenue89 NW Irwin Avenue89 NW Irwin Avenue
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This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue—a fully renovated, fully occupied complex bringing in $16,000 monthly in rental income, with the potential to increase rents to $18,000 monthly. Listed at $1,955,000, the property currently yields an annual income of $192,000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216,000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit apartment building, each unit with 1 bedroom and 1 bathroom. 87 NW Irwin: A single-family home with 3 bedrooms and 2 bathrooms. 85 NW Irwin: A duplex, each unit featuring 2 bedrooms and 1 bathroom. With solid current returns and room for growth, this is an ideal addition to any investment portfolio.

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Listing Snapshot
Price 
$1,955,000
Days On Site 
32 Days
Bedrooms 
8
Inside Area (SqFt) 
7,728 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
0.58 Acres
Year Built 
1973
MLS® Number 
1028572
Status 
Pending
Property Tax 
$10,134
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
7 days agoListing updated with changes from the MLS®
7 days agoStatus changed to Pending
a month agoListing first seen on site
General Features
Acres 
0.58
Additional Property Use 
InvestmentMulti-Family
Direction Faces 
South
Number Of Stories 
2
Parking 
Parking Lot
Parking Spaces 
18
Property Sub Type 
Multi Family
Security 
Fire AlarmSmoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
Utilities 
Cable AvailableElectricity ConnectedSewer ConnectedWater Available
Water Source 
Public
Interior Features
Appliances 
Electric RangeRefrigerator
Cooling 
Central Air
Flooring 
Tile
Furnished 
Unfurnished
Heating 
Central
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Exterior Features
Construction Details 
Stucco
Lot Features 
Few Trees
Road Frontage 
City Street
Roof 
MembraneShingle
View 
Other
Waterview 
Other
Community Features
Financing Terms Available 
CashPrivate Financing Available
MLS Area 
331 - West Melbourne
Roads 
Asphalt
Schools
School District
Unknown
Elementary School
University Park
Middle School
Stone
High School
Melbourne
Listing courtesy of Relentless Real Estate Co.

The data relating to real estate shown on this website comes in part from the Internet Data Exchange (IDX) program of Space Coast Association of REALTORS®, Inc. 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. All data is deemed reliable but is not guaranteed accurate.

Neighborhood & Commute
Source: Walkscore
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