$599,900
Active
36 Days Online
0 Beds0 Baths3,324 SQFT
Active

406 Bluff Drive Melbourne, FL 32901

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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

Schools

School District
Unknown
Elementary School
Harbor City
Middle School
Hoover
High School
Melbourne

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Monthly Payment (Est.)

$2,902
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