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Listing 3 out of 832
$935,000 Contingent

3680 NE Dixie Highway NE
Palm Bay, FL 32905

20 units | Multi Family Home
2.6 acres - MLS# 825827
Property Photo
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Description

Great investment opportunity in NE Palm Bay. 21 Lot mobile home park with 2 commercial buildings including riverfront rights for future development. This investment is currently operating at an 11% CAP rate with the value add potential to be 14-16% CAP. This is an excellent opportunity with a huge upside for future of condos or single family homes.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Contingent
  • County/Area: Brevard County
  • Zip Code: 32905
  • Elementary School: Palm Bay Elem
  • Middle School: Stone
  • High School: Palm Bay
  • Style: Mobile Home Park
  • Units: 20 units
  • Lot Size: 2.6 acres
  • Pool or Spa: Other - Call Agent, Yes
  • Waterfront: Indian River, Yes
  • Buildings: 3 Buildings
  • Construction: Combination
  • Equipment/Appliances: Other - Call Agent
  • Expenses Include: Repair/Maintenance
  • Exterior Finish: Other - Call Agent
  • Floor: Other - Call Agent
  • Lot Description: City
  • Parking: Assigned
  • Pool - Private: Yes
  • Rent Includes: Other - Call Agent
  • Roof: Other - Call Agent
  • SqFt - Total: 3000
  • Utilities: Other - Call Agent
  • Water Amenities: Riparian Rights
Courtesy of Hoven Real Estate

Melbourne Real Estate
685 Prescott Blvd.
Melbourne, FL 32903
Phone: 1-866-645-7702
Email: info@MyMelbournePlace.com

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