2716 Riverview Dr, Unit A

Melbourne, FL 32901

$1,100,000
Price
—
Beds
—
Baths
3,194 Sq. Ft.
$344 / Sq. Ft.
3,194
Sq. Ft.
$344
per Sq. Ft.

Description

Prime Multifamily Investment Opportunity in Historic Downtown Melbourne Own a piece of iconic Florida architecture with stunning Indian River views, just minutes from Historic Downtown Melbourne. Situated on a half-acre lot, this turn-key investment features five rental units across two buildings, offering a mix of unit sizes to cater to various tenant needs. -5 Rental Units: Two studios, one one-bedroom, and two two-bedrooms. -Zoned Commercial Multi-Family Residential 2 to 9 units. -Strong Rent...Prime Multifamily Investment Opportunity in Historic Downtown Melbourne Own a piece of iconic Florida architecture with stunning Indian River views, just minutes from Historic Downtown Melbourne. Situated on a half-acre lot, this turn-key investment features five rental units across two buildings, offering a mix of unit sizes to cater to various tenant needs. -5 Rental Units: Two studios, one one-bedroom, and two two-bedrooms. -Zoned Commercial Multi-Family Residential 2 to 9 units. -Strong Rent Potential: Diverse unit types appeal to a range of tenants, ensuring consistent cash flow. -Prime Location: Close to Downtown Melbourne's shops, dining, and attractions, with easy access to the Indian River and local parks. -Dual Parking Areas: Two separate parking areas provide ample, parking for tenants. This property offers multifamily investors a turn-key opportunity with income potential and room for expansion. A great balance of location, charm, and growth opportunity.
  1. Listed by Leann Graefe, LLC • KELLER WILLIAMS RLTY,BREVARD
  2. Listed by Paige Lane • KELLER WILLIAMS RLTY,BREVARD

Property Details for 2716 Riverview Drive, Unit A

Subdivision Name
RIVERVIEW HEIGHTS SUB
Township
28
Waterfront
No
Water View
River
LISTING UPDATED: 01/31/2025 01:18 PM

Property Details for 2716 Riverview Drive, Unit A

StatusActive
MLS #O6269201
Days on Market356
Taxes$6,006 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family
Year Built1927
Lot Size0.49 AC / 21,344 SF
CountyBrevard County

Location

Listing Courtesy of KELLER WILLIAMS RLTY,BREVARD, Leann Graefe, LLC; KELLER WILLIAMS RLTY,BREVARD, Paige Lane
Add your commute

Building Information for 2716 Riverview Drive, Unit A

Stories2Residences-Year Built1927Building Size-Lot Size0.49 AC / 21,344 SF

Payment Calculator

$5,936 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,435

Property Taxes

$501

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2716 Riverview Drive, Unit A

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 3316.0
  • Building Area Units: Square Feet
  • Directions: Heading South from Estrow Bridge Ave (1-92) Turn Right unto US-1S, 2 Miles turn left on Lookout Terrace to Riverview Drive
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: City Street
  • Unit Number: No
  • Street Number: 2716
  • Street Name: RIVERVIEW
  • Street Suffix: DRIVE
  • Unit Number: A
  • State: FL
  • City: MELBOURNE
Parking
  • Parking Features: 1 to 5 Spaces, Common
Taxes and HOA Information
  • Tax Block: G
  • Tax Book Number: 3-58
  • Tax Legal Description: RIVERVIEW HEIGHTS SUBD LOTS 1,2 N 20 FT OF LOT 3 EX W 120 FT BLK G
  • Tax Lot: 3
  • Tax Year: 2024
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Historic District, Street Paved
  • Lot Size Dimensions: 125x147
  • Parcel Number: 28 3711-12-G-1.01
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: R3(15)
  • Living Area: 3194
  • Lot Dimensions: 125x147
Property and Assessments
  • Year Built Numeric: 1927
  • Flood Zone Code: X
  • New Construction: No
  • Public Survey Range: 37
  • Public Survey Section: 11
Utilities
  • Sewer: Private Sewer
  • Utilities: Electricity Available, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Wood Siding
  • Foundation Details: Slab
  • Levels: Two
  • Pool: None
  • Pool Private: No
  • Roof: Metal, Shingle
  • Waterfront Feet Total: 0
  • Number Of Stories: 2
Interior Features
  • Cooling: Central Air, Wall/Window Unit(s)
  • Flooring: Vinyl
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: Yes
Multi Family
Multi-Family Information
  • Annual Income Type: Actual
  • Gross Scheduled Income: $62,400

Property History for 2716 Riverview Drive, Unit A

DateEvent & SourcePriceAppreciation
Jan 6, 2025

Listed (Active)

MFRMLS #O6269201

$1,100,000—
DateEvent & SourcePrice
01/06/2025

Listed (Active)

MFRMLS #O6269201

$1,100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2716 Riverview Drive, Unit A

This home is within Brevard Public Schools.
Rating
School
Type
Grades
Distance
University Park Elementary School
Public - PK to 6
Stone Magnet Middle School
Public - 7 to 8
Melbourne Senior High School
Public - 9 to 12
Palm Bay Academy Charter School
Charter - K to 8
Rating
School
Distance
University Park Elementary School
PublicPK to 6

Stone Magnet Middle School
Public7 to 8

Melbourne Senior High School
Public9 to 12

Palm Bay Academy Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 2716 Riverview Drive, Unit A, Melbourne, FL 32901

2716 Riverview Drive, Unit A is a multi-family home for sale in Melbourne, FL 32901. This property was listed for sale on January 6, 2025 by KELLER WILLIAMS RLTY,BREVARD, it's currently listed at $1,100,000. This listing's school district is Brevard Public Schools. Nearby schools include University Park Elementary School, Stone Magnet Middle School and Melbourne Senior High School. 2716 Riverview Drive, Unit A is a 0-bed, 0-bath, 3,194 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS RLTY,BREVARD, Leann Graefe, LLC; KELLER WILLIAMS RLTY,BREVARD, Paige Lane

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 01/31/2025 01:18 PM