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2513 Lipscomb Street

Melbourne FL 32901

5
5
2607 sq. ft.
7841 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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

5 bedrooms
5 bathrooms
2607 sq. ft. floor area
7841 sq. ft. lot size
Single-Family

Happy sellers in Melbourne

78%
78% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 18 reviews in Melbourne over the last 12 months.

Local market activity for 5 bedroom single-family properties in Melbourne

In the last 12 months, 5 five-bedroom single-family properties similar to 2513 Lipscomb Street, have been sold.

This represents a 38% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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