Property Description
Prime Investment Opportunity in Melbourne!This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income.The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property.Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.
Property Features
Property Type: Residential - Single Family
Cooling: Other
Heating: Other
Lot Size: 0.18 Acres
Stories: 1.0
Year Built: 1930
Square Feet: 2,607
Feature Descriptions
Days on Site: 4
Exterior: Stucco
Lot: Other
Parking Notes: Other
Sewer: Public Sewer
Utility Features: Other
Water: Other
Room Sizes
Primary Bedroom: Level - Main
Living Room: Level - Main
Kitchen: Level - Main
Local Schools
High School: Melbourne
Middle School: Stone
Elementary School: Harbor City
Listed By / Shown By
Listed By
Agency Name: Elevate Realty LLC
Agency Phone: 561-427-3923
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
Estimate Your Payment
Estimated Payment
$ 958.84 per month $904.15 Principal & Interest $0.00 Property Tax (data not provided by mls) $54.69 Homeowner's InsuranceChange Payment Information
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2513 Lipscomb Street | MLS# 1070455
This single family home located at 2513 Lipscomb Street , Melbourne, FL 32901 is currently listed for sale with an asking price of $187,500. This property was built in 1930 and has 5 bedrooms and 4 full and 1 partial baths with 2607 sq. ft. Lipscomb Street is located in the None subdivision. Search None real estate on www.watsonrealtycorp.com today.