$955,000
Melbourne, FL 32935
MLS# 979614
Status: Closed
4 beds | 2656 sqft
1 / 85
Property Description
Stunning river views! This waterfront property includes (2) 1Bed/1Bath units and a 2Bed/1Bath home. All the updated units include brand new plumbing, sewer lines, and roof, plus an HVAC for the house. This riverfront property is the perfect investor find, whether looking to Airbnb/VRBO or living onsite and leasing the other two spaces for added income. This 3-unit property is centrally located on the Indian River, on the fringe of the Eau Gallie Arts District (EGAD), close to beaches, near shopping, and just a short distance to I-95.
Details
Maps
Location, Tax, and Legal
Tax Account: 2716963
Parcel Number: 27-37-16-25-0000a.0-0016.00
General County Location: South
Elementary School: Creel
Middle School: Johnson
High School: Eau Gallie
Tax Annual Amount: 4500
Tax Year: 2023
Tax Legal Description: EAU GALLIE, VILLAGE PLAT OF LOT 16 EX ST R/W BLK A
Directions: North on Pineapple, about 2 miles from Eau Gallie
General Property Information
Number Of Units Total: 3
Bathrooms Half: 0
Living Area: 2546
Living Area Source: Public Records
Building Area Total: 2656
Lot Size Acres: 0.62
Lot Size Square Feet: 27007
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: 2
Waterfront YN: Yes
Water Body Name: Indian River
Use Code: 08 / THREE OR FOUR L
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 432.05
Sold Price/SqFt: 375.1
Bedrooms Total: 4
Year Built: 1957
Remarks and Miscellaneous
Public Remarks: Stunning river views! This waterfront property includes (2) 1Bed/1Bath units and a 2Bed/1Bath home. All the updated units include brand new plumbing, sewer lines, and roof, plus an HVAC for the house.
This riverfront property is the perfect investor find, whether looking to Airbnb/VRBO or living onsite and leasing the other two spaces for added income.
This 3-unit property is centrally located on the Indian River, on the fringe of the Eau Gallie Arts District (EGAD), close to beaches, near shopping, and just a short distance to I-95.
Appliances
Electric Range: 1
Refrigerator: 1
Association Amenities
Boat Dock: 1
Closing Company Details
Closing Company Address: Bella Title
Construction Materials
Block: 1
Concrete: 1
Frame: 1
Stucco: 1
Wood Siding: 1
Cooling
Central Air: 1
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Investment: 1
Multi-Family: 1
DPR Eligible
DPR Eligible: No
Flooring
Tile: 1
Heating
Central: 1
Other: 1
Levels
One: 1
Listing Terms
Assumable: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Parking Features
Carport: 1
RV Access/Parking: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 66000
Net Operating Income: 33360
Operating Expense: 29340
Owner Pays
Grounds Care: 1
Management: 1
Pest Control: 1
Repairs: 1
Sewer: 1
Taxes: 1
Water: 1
Other: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: A
Actual Rent: 1400
Unit SqFt: 600
Beds Total: 1
Furnished: Furnished
Unit Remarks: None
Unit 2 Details
Unit ID: B
Actual Rent: 2000
Unit SqFt: 600
Beds Total: 1
Furnished: Furnished
Unit Remarks: Airbnb
Unit 3 Details
Unit ID: Main House
Actual Rent: 3500
Unit SqFt: 1650
Beds Total: 2
Furnished: Furnished
Unit Remarks: RiverFront Airbnb
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Source
Public: 1
Well: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
Historical Information
Public Historical Remarks 3: Parking-1 Space Per Unit: Y, Number of Buildings: 2 Buildings
Contract Information
Current Price: $955,000
Original List Price: 1129000
Sold Price: $955,000
Status: Closed
Listing Contract Date: 2023-11-05
Property Sub Type: Triplex
Location Tax and Legal
Street Number: 2121
Street Name: Pineapple
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Status Change Information
Major Change Timestamp: 2024-06-26T14:04:29Z
Major Change Type: Status Change
Price Change Timestamp: 2023-11-27T15:19:14Z
Status Change Timestamp: 2024-06-26
Purchase Contract Date: 2024-05-21
Close Date: 2024-06-25
Close Price: 955000
Property Features
Appliances: Electric Range; Refrigerator
Association Amenities: Boat Dock
Construction Materials: Block; Concrete; Frame; Stucco; Wood Siding
Cooling: Central Air; Wall/Window Unit(s)
Current Use: Commercial; Investment; Multi-Family
Flooring: Tile
Heating: Central; Other
Levels: One
Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan
Owner Pays: Grounds Care; Management; Pest Control; Repairs; Sewer; Taxes; Water; Other
Parking Features: Carport; RV Access/Parking
Pool Features: None
Possession: Close Of Escrow
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Electricity Connected; Sewer Connected
Water Source: Public; Well
Waterfront Features: River Front
Showing Requirements: Appointment Only; Call Listing Office
Listing Office: RE/MAX Solutions
Last Updated: January - 05 - 2026
Information is deemed to be reliable, but is not guaranteed.