406 Bluff Drive Melbourne, FL 32901
This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living, city water/sewer, well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBrevard
- Taxes$1,020
- HOA/Condo/Coop Fees$0
- Days on Site35 Days
- MLS StatusActive
- MLS ID Number952632
- Home Size Source Public Records
- Year Built1925
- Lot Size0.57 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BlockConcreteStucco
- Parking Detached
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.57
- Water Public
- Property Sub Type Multi Family
- Attached Garage No
- Utilities Cable AvailableSewer AvailableWater Available
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating None
- Appliances Other
- Flooring Other
Exterior Features
- Roof Membrane
- Pool Features None
- Waterfront Property No
Community Features
- MLS Area 323 - Eau Gallie