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Asking Price: $255,000

After Repair Value: $305,000

S Hwy A1A
Melbourne Beach, FL 32951

Property Type: Single Family

Beds: 3

Baths: 3

This property in Melbourne Beach is being sold $50,000.00 below its taxed assessed value, and sits across A1A from the ocean. It has several avenues that could make one lucky investor a lot of money. The first option would be to tear down the current structures and divide the lot back into two separate lots ready for 2 brand new houses. The lot to the south of these, has begun new construction and the lot to the north has an $800,000 quad-plex on it. So there is also the potential to build a building very similar to it. The other option an investor has, is to take the existing buildings, do some renovations, and keep them as an airbnb. If you were to go down that road, you would have 2 units that would be 1 bedroom and 1 bathroom each as well as a separate unit that would be a studio with a loft. There is also a private pool on site as well as a hot tub. Don't miss out on this incredible opportunity!

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