406 Bluff Drive

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406 Bluff Drive

Melbourne, FL 32901
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).

  • Multifamily apartment building available for sale in Melbourne
  • Located at 406 Bluff Drive within the 32901 zip code
  • Strategically positioned in a growing Florida coastal region
  • Suitable asset for long-term residential real estate investment
  • Maintains access to key regional economic and transit hubs

What's Special

This multifamily property at 406 Bluff Drive in Melbourne, Florida, presents a clear acquisition target for investors seeking to expand their residential holdings. As an apartment building, the asset serves as a functional addition to a portfolio in a coastal Florida market known for its proximity to major aerospace and technology hubs. The location provides consistent demand from a local workforce tied to the region's diverse economic base and growing population. Owners may leverage the site for long-term rental income or potential repositioning strategies within the surrounding Melbourne submarket. Its strategic placement within the 32901 zip code ensures accessibility to major area corridors and infrastructure, supporting stable occupancy prospects for prospective residents. The asset type allows for a straightforward integration into existing management systems, appealing to both private investors and professional entities looking for established residential real estate opportunities in Brevard County.

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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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