1121 Sunny Point Drive
Melbourne, FL 32935

$1,150,000

Description

This is the Historic Ballard House in Eau Gallie near the Arts District. The original large home was subdivided into an owner's unit and 6 rental units in the 1950's. The units have been variously used as private apartments for family and friends of the owner and have now been rented for over 10 years. The owner's unit has never been leased. All of the tenants have been very long term and have had few rent increases to keep up with the market. Shorter term rentals and leasing the owner's unit could add significantly to the income. All units except one have Indian River views.Please do not disturb the tenants. Property is also listed as a residential home, MLS # 834478

Details

MLS#836687
Sub-TypeResale
StatusContingent
Days On Site97

Features

SQ Feet7,687
Units7
Building(s)1
Water FrontYes

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Area Information

StateFL
CountyBrevard
CityMelbourne
Zip Code32935
Area323 - Eau Gallie
Listing VS Median (in 32935)
Price:
$1,150,000
low | high
Med:
$169,900
100% of Average
SqFt:
7,687
low | high
Med:
1,782
100% of Average
$ / SqFt:
$150
low | high
Med:
$96
86.040265591807% of Average
On Site:
97
low | high
Med:
75.5
100% of Average
Listing Updated: 05/18/2019
MLS Number: 836687
Listing Provided By:
Alan King  of  National Realty of Brevard

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