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2513 Lipscomb Street
Melbourne, FL 32901

$177,500

4 Total Photos [Click to View All]

Listing Details

  • $177,500
  • MLS# A4684029
  • Type Residential - Single Family
  • Status Pending
  • 5
    Bedrooms
  • 4 full 1 partial
    Bathrooms
  • 2,607
    Square Feet
  • 0.180 acres
    Lot Size
  • 1930
    Year Built

Listed By

Agency Name: ELEVATE REALTY LLC
Agency Contact: 561-427-3923

Shown By

Agent Name: Adrienne Brown
Agent Phone: (321) 330-5799
Agency Title: Pupello Realty Company, LLC

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Home Value Estimate


Description

Prime Investment Opportunity in Melbourne!This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income.The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property.Whether you choose to hold for income, renovate, or explore future redevelopment, this property...read more

Features

  • Other
  • Other
  • Other
  • Other
  • 1.0 Story
  • $1,319 Taxes
  • Public
  • Built in 1930

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