1590 Highland, Melbourne, FL 32935

$1,200,000
2
BA
7,175
SqFt
List Price
$1,200,000

Property Description

Amazing income producing opportunity located in the Historic Eau Gallie Art District. Busy and well established salon and spa on the first level and a 12 unit rooming house on the upper level, that includes a coin operated washer and dryer. The upstairs units work on transient leases, so there is little to no vacancy rate. All plumbing and electrical has been renewed. The roof was replaced in 2014. With a Cap Rate of 8.12%, this turn key investment is one of the highest yielding in Brevard.

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Listing courtesy of EXIT 1st Class Realty.