Cash Flowing Melbourne Triplex

Current Rental Return
Melbourne, FL 32904

Bedrooms: 6    Bathrooms: 3    SQ FT: 4,160

Year: 1980     ARV: $300,000

Multi-unit opportunity in the heart of Melbourne! Townhouse style triplex with each unit consisting of 2 bedrooms and 1 bathroom with 1380 square feet. The property has been properly maintained by the current owner who updated things as needed throughout the years, so there looks to be very little deferred maintenance if any at all. Plus, the roof is only 2 years old. The first unit is occupied by a 7-year long tenant, the second by a year plus tenant, and the third is vacant and being marketed for a tenant. Rent rates are $1000 per unit so a new owner should net a solid 9.5% return. Give us a call for the full details.

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