5 months on rocket

1832-1838 Pineapple Ave, Melbourne, FL, 32935

$1,890,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
0 Baths
8,324 SqFt
$227/SqFt
Multi

Location

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1832-1838 Pineapple Ave, Melbourne$1,890,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned
Year Built1925
HeatingCentral, Separate Meters, Varies By Unit
CoolingCentral Air, Wall/Window Unit(s)
MLS #1016048
Lot Size0.40 Acres
StatusActive

About 1832-1838 Pineapple Ave

This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units,two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170,460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Living Area: 8,324 SqFt

Listing Office:

  • Office Name: David Curri Real Estate Group
  • Office Phone: (321) 604-3403
  • Listing Agent: Olliver Nils Leroy Rodeblad Lowe, David Curri

Interior Features

Interior Information:

  • Flooring Type: Tile, Vinyl, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Assigned

Virtual/3D Tour

  • Virtual Tour: 1832-1838 Pineapple Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.40 Acres

Utilities

Utilities Information:

  • Heating: Central, Separate Meters, Varies By Unit
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Going north in pineapple turn left on to Aurora and then the first right in to the alley, property is located on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,890,000
  • Price Per SqFt: $227/SqFt
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

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Melbourne, FL

City

Med. Sold Price

$420.8K

Med. Price/SqFt

$237

Avg. Days On Market

58

# of Sold Homes

237

1832-1838 Pineapple Ave vs Melbourne

169 DAYS ON ROCKET

+111 Days

$1,890,000

+$1.4M More

$227/SqFt

-$10 Less

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $10/SqFt less than other homes in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1016048

Listing Office:

  • Office Name: David Curri Real Estate Group
  • Office Phone: (321) 604-3403
  • Listing Agent: Olliver Nils Leroy Rodeblad Lowe, David Curri

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,500

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,733

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-617930
6
/10

  • Harbor City Elementary School

  • 1377 Sarno Rd

  • 1.16 miles

  • Public District Grades PK-6

school-card-donut-617931
3
/10

  • Dr. W. J. Creel Elementary School

  • 2000 Glenwood Dr

  • 1.50 miles

  • Public District Grades PK-6

school-card-donut-617932
4
/10

  • Croton Elementary School

  • 1449 Croton Rd

  • 1.77 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,068. Most Melbourne, FL residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Brevard County›Melbourne›32935›1832-1838 Pineapple Ave

This home is located at 1832-1838 Pineapple Ave in Melbourne, FL and zip code 32935 in the Eau Gallie neighborhood. This 8,324 square foot home, which was built in 1925, sits on a 0.40 acre lot. Features: 6 bedrooms. It has been listed on Rocket Homes since June 06, 2024 and is currently priced at $1,890,000.

Melbourne, FL housing market in October 2024 saw over 12 listings sold above listed price, more than 65 sold at listed price and over 160 sold below. The inventory of homes for sale in Melbourne, FL between September 2024 and October 2024 increased by 2.1%. The median list price of listings available in October 2024 was $420,837, while the average time on the real estate market was 58 days.

From Rocket Homes Real Estate and based on county public records data.

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