One Sotheby's International
One Sotheby's International
Jane Marie Sterrett, One Sotheby's InternationalPhone: (321) 423-2362
Email: [email protected]
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listing
1 of 36
Residential IncomeFor Sale
$1,955,000
89 NW Irwin Avenue
Melbourne, FL 32904
Listed by: Relentless Real Estate Co., 321-285-2855
MLS: Brevard MLS
8Beds
8Baths
Est. Mortgage
$10,191/mo

This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue—a fully renovated, fully occupied complex bringing in $16,000 monthly in rental income, with the potential to increase rents to $18,000 monthly. Listed at $1,955,000, the property currently yields an annual income of $192,000, which equates to approximately 9.82% of the listing price. With increased rents, this could rise to $216,000 annually, or about 11.05%. This complex is comprised of: 89 NW Irwin: A 2-story, 8-unit apartment building, each unit with 1 bedroom and 1 bathroom. 87 NW Irwin: A single-family home with 3 bedrooms and 2 bathrooms. 85 NW Irwin: A duplex, each unit featuring 2 bedrooms and 1 bathroom. With solid current returns and room for growth, this is an ideal addition to any investment portfolio.

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