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1207 E River Drive Melbourne, FL $ 2,400,000
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$ 2,400,000 Get more info
1207 E River Drive
$ 2,400,000
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1207 E River Drive

Melbourne, FL, 32901
$ 2,400,000
Baths0.0 Sq 7,276

Monthly Estimate*

$ 16,765

1207 E River Drive, Melbourne, FL 32901 - Image 1
1207 E River Drive, Melbourne, FL 32901 - Image 2
1207 E River Drive, Melbourne, FL 32901 - Image 3
1207 E River Drive, Melbourne, FL 32901 - Image 4
Studio

Commercial Property for sale in Melbourne, FL

for $2,400,000. This 7,276 square foot building was built in 1928 on a lot size of 0.52.

Melbourne Riverside Apartments which is a 19 unit multifamily complex located just 1 block from the Indian River. All units have been fully renovated and furnished. It's currently professionally managed and is situated on .52 acres located in Melbourne, Florida. The unit mix is comprised of nineteen studio apartments for a total of 7,926 rentable square feet.

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Commercial Pending

Price

$ 2,400,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,522

Style

Multi Family

Lot Size

0.52

Year Built

1928

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

975021
Features
General
Heating Central
Cooling Central Air
Possession Close Of Escrow
Security Features Smoke Detector(s)
Year Built 1928
Property SubType Multi Family
Tax Year 2021
County Brevard
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Crane Cliff
Status Pending
Directions Head west on W New Haven Ave toward Greenway Dr Make a U-turn at Country Club Rd Keep left to continue on E Strawbridge Ave Turn right onto US-1 S/S Harbor City Blvd L E River Dr
City Melbourne
View Y/N N
Senior Community Y/N N
Total Units 19
MLS Area 330 - Melbourne - Central
Lot Size Square Feet 22651.2
Waterfront Y/N N
Street Name River
Land Lease Y/N N
Tax Annual Amount 11522.9
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 330 - Melbourne - Central
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Pending
Legal Description CRANE CLIFF LOTS 7 8 9 BLK 2
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Interior
Flooring Carpet Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Drive
Electric On Property Y/N N
Total Baths 0
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Exterior
Inclusions {u'Business with Lease': True}
Lot Size Area 0.52
Spa N
Lot Size Acres 0.52
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1207
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* Excluded Features
List By
Flatfee.Com

Broker

info@flatfee.com

Email

Affordability Calculator

$17,725
Per Month
95%
5%
0%
Monthly Principal & Interest
$16,765
Monthly Property Taxes
$960
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/19/2023$2,400,000 -18.51% Price Down
9/13/2023$2,945,000 Listed Price

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1207 E River Drive, Melbourne, FL, 32901 is a Commercial Property for sale at $2,400,000 with 7,276 sqft and a lot size of 0.52. 1207 E River Drive is a studio with 0.0 baths and was built in 1928. The property's zip code is 32901 which is in Melbourne, FL

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