2513 Lipscomb Street, Melbourne, FL 32901
- $157,500
- 5
- BD
- 5
- BA
- 2,607
- SqFt
- Sold Price
- $157,500
- List Price
- $177,500
- Status
- Sold
- Days on Market
- 42
- Closing Date
- Jun 05, 2026
- MLS#
- A4684029
- Property Style
- Single Family
- Year Built
- 1930
- Bedrooms
- 5
- Bathrooms
- 5
- Baths Half
- 1
- Living Area
- 2,607
- Price per sq. ft.
- 68.09
- Lot Size
- 7,841
- Acres
- 0.18
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Town/Hoparkins
- MLS Area Major
- Melbourne
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
- Taxes
- $1319
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- C1
- Interior Features
- Other
- Floor
- Other
- Appliances
- Other
- Utilities
- Other
- Heating
- Other
- Air Conditioning
- Other
- Exterior Construction
- Stucco
- Exterior Features
- Other
- Roof
- Other
- Foundation
- Crawlspace, Other
- Pool
- No Pool
- Flood Zone Code
- X
- Parcel ID
- 28 3711-FJ-3-12.01
- Legal Description
- HOPKINS PLAT PART OF LOT 12 BLK 3 AS DESC IN ORB 1313 PG 1028 EXC RD R/W
Listing courtesy of ELEVATE REALTY LLC. 561-427-3923
Selling Office: SPECTRUM PROPERTY GROUP LLC.How much is your home worth?
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