2513 Lipscomb Street, Melbourne, FL 32901
- $157,500
- 5
- BD
- 5
- BA
- 2,607
- SqFt
- Sold Price
- $157,500
- List Price
- $177,500
- Closing Date
- Jun 05, 2026
- MLS#
- 1070455
- Status
- CLOSED
- Type
- Single Family Residential
- County
- Brevard
- City
- Melbourne
- Area
- Out of Area
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 2,607
- Total Square Feet
- 7,841
- Acres
- 0.18
- Year Built
- 1930
- Days on Market
- 100
Property Description
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.
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Additional Information
- Tax Year
- 2025
- Tax Amount
- $1,319
- Location Description
- Other
- Equipment And Appliances
- None
- Utilities
- Other
- Exterior Finish
- Stucco
- Construction
- Stucco
- Parking
- Other
- Elementary School
- Harbor City
- Middle School
- Stone
- High School
- Melbourne
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Listing courtesy of Elevate Realty LLC. Selling Office: Elevate Realty LLC.