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508 Ocean Avenue # Ri Melbourne Beach, FL $ 1,275,000
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508 Ocean Avenue # Ri
$ 1,275,000
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508 Ocean Avenue # Ri

Melbourne Beach, FL, 32951
$ 1,275,000
Bedrooms6 Baths4.0 Sq 3,131

Monthly Estimate*

$ 8,906

508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 1
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 2
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 3
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 4
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 5
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 6
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 7
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 8
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 9
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 10
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 11
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 12
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 13
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 14
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 15
508 Ocean Avenue # Ri, Melbourne Beach, FL 32951 - Image 16
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Multi-Family Home for sale in Melbourne Beach, FL

for $1,275,000 with 6 bedrooms and 4 full baths. This 3,131 square foot home was built in 1900 on a lot size of 0.31.

Discover an exceptional investment opportunity in the heart of Melbourne Beach's vibrant downtown district. Nestled on Ocean Avenue, this property offers unparalleled visibility and accessibility, capitalizing on the high demand within this well-established community and its proximity to beach and river parks, sporting facilities, and acclaimed dining venues. With the four currently occupied units, potential for continued appreciation and its prime location, this is an opportunity not to be missed for discerning investors seeking both immediate returns and long-term growth prospects. Please note: respecting the privacy of the tenants is paramount. It is important to not intrude or trespass on the property; please make an appointment. This property has four listings in MLS: residential property, residential income, land or commercial. Please call for more information on this highly sought after area!

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Multi-Family Active

Price

$ 1,275,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,783

Style

Multi Family

Lot Size

0.31

Year Built

1900

Town/City

Melbourne Beach

County/Region

Brevard

MLS | Web ID

1012731
Features
General
Sewer Public Sewer
Heating None Other
Cooling Electric Multi Units Wall/Window Unit(s) Other
Utilities Cable Available Electricity Connected Sewer Connected Water Connected Propane
Possession Subject To Tenant Rights
Roof Metal Other
Appliances Disposal Dryer Electric Range Electric Water Heater Gas Water Heater Microwave Refrigerator Tankless Water Heater Washer
Exterior Features Balcony
Garage Spaces 1.0
Pool Features None
Construction Materials Frame Vinyl Siding
Year Built 1900
View Other
Stories 2
Levels Two
Unit Number Ri
Property SubType Multi Family
Tax Year 2023
Current Use Commercial Investment Multi-Family Residential Other
Additional Parcels Description 2847678
County Brevard
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name Henry Whitings Melbourne Bch
Facing Direction South
Garage Y/N Y
Status Active
Directions From I-95 & 192 (West New Haven Blvd) go East 8 miles then go right/south on Riverside 1.7 mi on Ocean Ave it's on the left/north side .01 miles from Riverside. From Sebastian Inlet go north on A1A
High School Melbourne
City Melbourne Beach
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area 384-Indialantic/Melbourne Beach
Lot Size Square Feet 13504.0
Waterfront Y/N N
Carport Y/N N
Street Name Ocean
Elementary School Gemini
Tax Annual Amount 6783.18
Home Warranty Y/N N
Middle/Junior High School Hoover
Lease Renewal Y/N N
MLS Area Minor 384-Indialantic/Melbourne Beach
Lease Considered Y/N N
Virtual Tour https://idx.paradym.com/idx/508-Ocean-Avenue-Ri-Melbourne-Beach-FL-32951/4863267
Standard Status Active
Legal Description HENRY WHITINGS MELBOURNE BCH E 30 FT (A/K/A E 1/2) OF LOT 24 & ALL LOT 25 BLK 3
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Interior
Flooring Tile Vinyl Wood
Furnished Y/N Unfurnished
Total Fireplaces 1
Fireplace Features Wood Burning
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N Y
Full Baths 4
Half Baths 0
Street Suffix Avenue
Total Bedrooms 6
Entry Level 12
Electric On Property Y/N N
Total Baths 4
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Exterior
Fencing Other
Parking Features Additional Parking Parking Lot Unassigned
Lot Features Historic Area
Water Source Public
Lot Size Area 0.31
Number of Buildings 3
Spa N
Building Area Total 3740.0
Lot Size Acres 0.31
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 1 508
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* Excluded Features
List By
Bhhs Florida Realty

Broker

kellybuyandsell@gmail.com

Email

Affordability Calculator

$9,472
Per Month
94%
6%
0%
Monthly Principal & Interest
$8,906
Monthly Property Taxes
$565
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1363012 Elementary School
1363002 Middle School
Melbourne High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/2/2024$1,275,000 Listed Price

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508 Ocean Avenue # Ri, Melbourne Beach, FL, 32951 is a Multi-Family Home for sale at $1,275,000 with 3,131 sqft and a lot size of 0.31. 508 Ocean Avenue # Ri has 6 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 32951 which is in Melbourne Beach, FL

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