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

July 13, 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 MVP SALES GROUP 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.

 

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