FL > Palm Bay
Palm Bay, FL 32905,2581 Spence DR NE
Palm Bay, FL 32905,2581 Spence DR NE
Palm Bay, FL 32905,2581 Spence DR NE
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$599,999
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7 Beds
6 Baths
2,458 SqFt
New

2581 Spence DR NE Palm Bay, FL 32905

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Jon Carroll

Jon Carroll

+1(772) 633-1852

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,458 sqft

Price per Sqft $244

MLS Listing ID 1065407

Bedrooms 7

Full Baths 6

HOA Y/N No

Total Fin. Sqft 2458

Year Built 1958

Annual Tax Amount $3,229

Tax Year 2025

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

Income Producing Property near Downtown Melbourne. Welcome to 2581 Spence Dr, a rare and versatile multi unit property offering immediate income and long term upside. This unique compound style residence is occupied and currently generating rental income, making it an ideal opportunity for investors seeking a stabilized asset in a growing market. The property features a main home with 2 bedrooms, 1 bathroom, and a garage, complemented by five additional rental units that allow for diversified income streams. These include: Unit A: Studio, Unit B: Studio, Unit C: 1-bedroom unit, Unit D: Efficiency unit with a loft, Unit E: Efficiency. Tenants enjoy shared amenities including a central courtyard that creates a welcoming community feel, as well as a dedicated laundry area for added convenience. Major improvements have already been completed, offering peace of mind to the next owner. The property has a newer roof and fencing.

Location

State FL

County Brevard

Area 340 - Ne Palm Bay

Direction US Highway 1 to Spence Dr, right across from Honda dealership.

Interior

Heating Central

Cooling Central Air, Wall/Window Unit(s)

Furnishings Unfurnished

Laundry Common Area

Exterior

Exterior Feature ExteriorFeatures

Parking Features Additional Parking, Garage, Off Street

Garage Spaces 1.0

Fence Chain Link, Fenced, Wood

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Present Use Residential

Garage Yes

Private Pool No

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

Elementary Schools Palm Bay Elem

High Schools Palm Bay

Others

Senior Community No

Tax ID 28-37-11-76-0000f.0-0002.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Space Coast Association of Realtors (Brevard MLS)
Listed by Blue Marlin Real Estate

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Jon Carroll

Jon Carroll

Agent | SLSL3302123

+1(772) 633-1852

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2581 Spence DR NE

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