Price Reduction - Waterfront - Fixer Upper
4865 N Highway 1 # 7 Palm Shores, FL
$ 900,000
Property Attributes
  • MLS#872520
  • TypeMulti-Family
  • CountyBREVARD
  • CityPalm Shores
  • AreaPalm Shores
  • Zip32940
  • StyleEfficiency/Studio,One Story
  • Price$ 900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6151
  • Lot Size1.24 Acres
Listing Provided Courtesy Of:
Curri Properties
Property Description

Here is your chance to buy an income property direct river that will pay you to own it with HUGE upside potential! Consisting of 3 separate structures. 2- Triplexes and a Large 3 Bedroom 2 bath house with 3 adjoining apartments. This multi-family Income property can earn you a nice return on your money, you can do short term rentals to increase the ROI or later on build your dream home . Lot is 1.24 acres, has a coquina sea wall, with city water and sewer available for hookup. This property spins off $93,000 in gross income and is in a prime location in the north Melbourne area (Palm shores proper) Take advantage of this investment opportunity today and make it what it can become.

Elementary School Middle School High School
Creel Elementary School DeLaura Middle School Satellite High School
Price History
4/2/2020 Listed $950,000
6/8/2020 6% - $900,000

General Features

Area 322 - Palm Shores
Construction Concrete Block
Fixer Upper Yes
HOA None
Legal/misc: 55+ Community No
Legal/misc: Gated Community No
Legal/misc: Home Warranty No
Legal/misc: Homestead No
Lot Sqft 54014.00
Number of Units 10
Parking Open Parking, Unpaved Drive
Possible Financing Cash, Conventional
Property Status Standard
Showing Appointment Required, Call Listing Office
Status Active
Style Efficiency/Studio, One Story
Unit Number 7
Year Built 1951

Interior Features

Bonus Room No
Equipment/appliances Other - Call Agent
Flooring Other - Call Agent
Split Bedroom No
SqFt - Living 6151.00
Utilities Cable Available, City Water

Exterior Features

Acreage 1.24
Buildings 3 Buildings
Community Pool No
Exterior Finish Stucco
Lot Description County
Pool Y/N No
Private Pool No
Roof Shingle - Asphalt
Waterfront Yes
Waterfront Type Indian River


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32940

AVG $800K
AVG 205
Year Built
AVG 1966
AVG 32
Data Provided by Walkscore ® not using MLS data

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