Active
508 Ocean Avenue, Ri
Melbourne Beach FL, 32951
$1,275,000
$407.22 per sqft
Active
6 Beds
4 Baths
3,131 sqft
Multi-family
Built in 1900
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!
1012731
MLSⓇ ID
May 2, 2024
Listed
May 16, 2024
Updated
Map
508 Ocean Avenue, Ri
Melbourne Beach FL, 32951
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
4
Appliances
Disposal, Dryer, Electric Range, Electric Water Heater, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
Floor Description
Tile, Vinyl, Wood
Fireplace
Yes
Fireplace Description
Wood Burning
Cooling
Yes
Cooling Description
Electric, Multi Units, Wall/Window Unit(s), Other
Heating
No
Heating Description
None, Other
Exterior/Building Features
Lot Size
0.31 Acres
Exterior Features
Balcony
Lot Features
Historic Area
Roof
Metal, Other
Sewer
Public Sewer
School Information
High School
Melbourne
Elementary School
Gemini
Other Property Details
Area Name
384-Indialantic/Melbourne Beach
Taxes
$6,783
Tax Frequency
Annually
Garage
Yes
Garage Spaces
1
Parking
Additional Parking, Parking Lot, Unassigned
View
Yes
View Description
Other
County
Brevard
Water Source
Public
Pool
No
Pool Features
None
Courtesy of BHHS Florida Realty, Kelly Rodano,
Listing Contact: 321-768-7600
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Stephanie Dandridge shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.