Prime Multifamily Investment Opportunity in Historic Downtown Melbourne Own a piece of iconic Florida architecture with stunning Indian River views, just minutes from Historic Downtown Melbourne. Situated on a half-acre lot, this turn-key investment features five rental units across two buildings, offering a mix of unit sizes to cater to various tenant needs. -5 Rental Units: Two studios, one one-bedroom, and one two-bedroom and one-three bedroom. -Zoned Commercial Multi-Family Residential 2 to 9 units. -Strong Rent Potential: Diverse unit types appeal to a range of tenants, ensuring consistent cash flow. -Prime Location: Close to Downtown Melbourne's shops, dining, and attractions, with easy access to the Indian River and local parks. -Dual Parking Areas: Two separate parking areas provide ample, parking for tenants. This property offers multifamily investors a turn-key opportunity with income potential and room for expansion. A great balance of location, charm, and growth opportunity. Investment Highlights Unit 1 Details: Actual Rent: $1,600 Proforma Rent: $1800 Unit SqFt: 1,130 Unit Remarks: 3 Bedrooms / 1 Bath + Bonus Room (panty or office) + Laundry Unit 2 Details Actual Rent: $1,000 Proforma Rent: $1100 Unit SqFt: 540 Unit Remarks: 1 Bedroom / 1 Bath Unit 3 Details: Actual Rent: $850 Proforma Rent: $1000 Unit SqFt: 400 Unit Remarks: Studio / 1 Bath Unit 4 Details: Actual Rent: $850 Proforma Rent: $1000 Unit SqFt: 400Beds Total: 1 Unit Remarks: Studio / 1 Bath Unit 5 Details: Actual Rent: $900 Proforma Rent: $1100 Unit SqFt: 525 Unit Remarks: 1 Bedroom / 1 Bath