2189 Pineapple Avenue

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2189 Pineapple Avenue

Melbourne, FL 32935
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Six-unit apartment building located in Melbourne Florida
  • Asset is situated at 2189 Pineapple Avenue
  • Multifamily property located within the Brevard County market
  • Positioned in a region with significant aerospace industry presence
  • Property represents an investment opportunity in residential real estate

What's Special

This six-unit multifamily apartment building at 2189 Pineapple Avenue provides a stabilized residential asset in Melbourne, Florida. Situated along the Space Coast, the property benefits from the region's steady economic growth driven by the aerospace and technology sectors. Melbourne maintains a consistent demand for rental housing, supported by its proximity to major employers and coastal lifestyle amenities. The layout and scale of this asset make it well-suited for a focused investment strategy aimed at long-term occupancy. Investors may find potential in managing a smaller unit count, which often provides more direct control over operational performance. This building serves as a reliable vehicle for those seeking to participate in the active Brevard County rental market, catering to a diverse tenant base that values convenient access to local infrastructure and employment hubs.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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