1590 Highland Avenue, Melbourne

$1,200,000

0 Beds
2 Baths
7,175 Sqft
.2 Acres
0 Garages

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.

Essential Information
MLS® #833214
Price$1,200,000
Bathrooms2.00
Square Footage7,175
Acres0.20
Year Built1927
TypeCommercial/Industrial
Sub-TypeCommercial
StyleCentral Business Dst
StatusActive
Community Information
Address1590 Highland Avenue
Area323 - Eau Gallie
SubdivisionNone
CityMelbourne
CountyBrevard
StateFL
Zip Code32935
Amenities
UtilitiesPublic Sewer, Cable, Telephone
Features

Private Restroom, Reception Area, Outside Storage, Rear Access, Laundry

Interior
InteriorLaminate, Tile, Wood
HeatingCentral, Central Individual
# of Stories2
Cooling

Central Building, Central Individual

Exterior
RoofFiberglass
ConstructionCBS
Additional Information
HOA Fees0.00
Listing Details
OfficeEXIT 1st Class Realty
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