Sarasota's Premier Homes

2513 LIPSCOMB STREET

MELBOURNE , FL 32901

MLS#: A4684029

$187,500

Status: Active
Listing number: A4684029
Listing provided by: ELEVATE REALTY LLC
Listing agent phone: None
Last update: 5 days ago
On site: 5 days ago
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TOWN/HOPARKINS - Residential

Property

Beds

5

Full Baths

4

1/2 Baths

1

Year Built

1930

Sq.Footage

2,607

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.

Features & Amenities

Interior

  • Other Interior Features

    Other

  • Total Bedrooms

    5

  • Bathrooms

    4

  • 1/2 Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    Other

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Other Exterior Features

    Other

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.18

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

Price

  • Sales Price

    $187,500

  • Tax Amount

    $1,319.44

  • Sq. Footage

    2, 607

  • Price/SqFt

    $71

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Foundation Details

    Other

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    12

  • Water Source

    Public

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Location

County

Brevard

Elementary School

Middle School

High School

Listing Courtesy of Laura Auten , ELEVATE REALTY LLC

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Agent Michael Graf

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Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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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.

2513 LIPSCOMB STREET

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