2716 Riverview Drive

Melbourne, FL 32901

$1,100,000
Price
—
Beds
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 • Keller Williams Realty Brevard
  2. Listed by Paige Lane • Keller Williams Realty Brevard

Property Details for 2716 Riverview Drive

Directions
Heading South from Estrow Bridge Ave (1-92) Turn Right unto US-1S, 2 Miles turn left on Lookout Terrace to Riverview Drive
LISTING UPDATED: 01/08/2025 11:17 AM

Property Details for 2716 Riverview Drive

StatusActive
MLS #1033586
Days on Market3
Taxes$6,006 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1927
Lot Size0.49 AC / 21,344 SF
CountyBrevard County

Building Information for 2716 Riverview Drive

Stories-Residences5Year Built1927Building Size-Lot Size0.49 AC / 21,344 SF

Property Information for 2716 Riverview Drive

Summary
Location and General Information
  • City: Melbourne
  • State/Province: FL
  • County: Brevard
  • Geo Lat: 28.068526
  • Geo Lon: -80.597305
  • Absolute Longitude: 80.597305
  • Schools: Elementary School: University Park
  • Schools: Middle School: Stone
  • Schools: High School: Melbourne
  • General County Loc: South
  • County Sub/Condo Name: Riverview Heights Subd
Taxes and HOA Information
  • Taxes: $6,006.27
  • Tax Year: 2024
  • Tax Acct: 2825278
  • Tax ID: 28-37-11-12-0000g.0-0001.01
Parking
  • Parking: Shared Driveway, Varies by Unit
Property
Lot Information
  • SqFt - Living: 3194.0
  • SqFt - Total: 3316.0
  • Lot SqFt: 21344.0
  • Year Built: 1927
  • Picture Count: 74
  • Lot Description: Historic Area
  • Acreage: 0.49
  • Current Adjacent Use: Investment, Multi-Family
Property and Assessments
  • Construction: Frame, Wood Siding
  • Docs on File: 4
  • MLS Approved: Y
  • Type of Service: Full Service
  • Prop Type: B
  • Sub Type: Multi Family
  • To Be Constructed: No
Utilities
  • Utilities: Sewer or Septic: Private Sewer
  • Utilities: Water Type: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Owner Name
  • Owner Name: Miguel A Morales
Interior and Exterior Features
Exterior Features
  • Roof: Metal, Shingle
  • Total Floors in Bldg: 2
  • # of Units: 5
  • Flooring: Vinyl,Wood
Interior Features
  • Cooling: Central Air, Varies by Unit, Wall/Window Unit(s)
  • Fireplace: Gas, Wood Burning
  • Heat: Central, Other, Varies by Unit
Multi Family
Income & Expenses
  • Income & Expenses: Annual Gross Income: $62,400.00
  • Income & Expenses: Annual Oper Expenses: $13,280.00
Multi-Family Information
  • Unit 1 Details: Actual Rent: 1600.0
  • Unit 1 Details: Beds Total: 2.0
  • Unit 1 Details: Furnished: Unfurnished
  • Unit 1 Details: Unit ID: Ground-1
  • Unit 1 Details: Unit Remarks: 2 Bedrooms + Bonus Room/extra bedroom + Laundry
  • Unit 1 Details: Unit SqFt: 1130.0
  • Unit 2 Details: Actual Rent: 1000.0
  • Unit 2 Details: Beds Total: 1.0
  • Unit 2 Details: Furnished: Unfurnished
  • Unit 2 Details: Unit ID: Upstairs#1
  • Unit 2 Details: Unit Remarks: 1 Bedroom
  • Unit 2 Details: Unit SqFt: 540.0
  • Unit 3 Details: Actual Rent: 850.0
  • Unit 3 Details: Beds Total: 1.0
  • Unit 3 Details: Furnished: Unfurnished
  • Unit 3 Details: Unit ID: Upstairs#2
  • Unit 3 Details: Unit Remarks: Studio
  • Unit 3 Details: Unit SqFt: 400.0
  • Unit 4 Details: Actual Rent: 850.0
  • Unit 4 Details: Beds Total: 1.0
  • Unit 4 Details: Furnished: Unfurnished
  • Unit 4 Details: Unit ID: Upstairs#3
  • Unit 4 Details: Unit Remarks: Studio
  • Unit 4 Details: Unit SqFt: 400.0
  • Unit 5 Details: Actual Rent: 900.0
  • Unit 5 Details: Beds Total: 1.0
  • Unit 5 Details: Furnished: Unfurnished
  • Unit 5 Details: Unit ID: Garage Apt
  • Unit 5 Details: Unit Remarks: 1 Bedroom
  • Unit 5 Details: Unit SqFt: 525.0
  • Selling Terms Code: Cash, Conventional
Agent
Agent Information
  • Closing Co. Name: SPIRA LAW GROUP, P.A, (321) 610-3001
  • Closing Co. Address: 4865 N Wickham Rd, Ste 106, Melbourne, FL 32940
Sale and Listing
  • Cumulative DOM: 0
  • Days On Market: 0
  • Possession: Close Of Escrow
Showing and Remarks
  • Showing: 24 Hour Notice, Appointment Only, Other, Restricted Hours, Showing Service
  • Appointment Phone: Showingtime

Property History for 2716 Riverview Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2716 Riverview Drive

Taxable ValueLand$162,000Additions$169,200Total$331,200
Tax Record2024$6,006 ($501 / month)
Home Facts
Total Finished SqFt3,194 SqFtAbove Grade Finished SqFt3,194 SqFtStories2Lot Size21,344 SqFtStyleDuplexYear Built1927Year Renovated1975ZoningR3(15)CountyBREVARDAPN28-37-11-12-0000G.0-0001.01

Schools near 2716 Riverview Drive

This home is within Brevard Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
University Park Elementary School
PublicPK to 6

Stone Magnet Middle School
Public7 to 8

Melbourne Senior High School
Public9 to 12

Riverdale Country Day School
PublicK to 12

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.

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2716 Riverview Drive is a multi-family home for sale in Melbourne, FL 32901. This property was listed for sale on January 6, 2025 by Keller Williams Realty Brevard, it's currently listed at $1,100,000. It has been on the market for a total of 3 days and was last sold on July 31, 2006. 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 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 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 Realty Brevard, Leann Graefe; Keller Williams Realty 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: 01/08/2025 11:17 AM