MELBOURNE, FL 32901 2513 LIPSCOMB STREET
$187,500
Presented By: ELEVATE REALTY LLC with 561-427-3923. - 561-427-3923
Beds • 5
Full/Half Baths • 4 / 1
SQFT • 2,607
Home Details
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.
Presented By: ELEVATE REALTY LLC with 561-427-3923. - 561-427-3923
Interior Features for 2513 LIPSCOMB STREET
Bedrooms
Total Bedrooms5
Bathrooms
Half Baths1
Total Baths5
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringOther
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesOther
Laundry FeaturesOther
Total Stories1
General for 2513 LIPSCOMB STREET
Additional Parcels Y/NNo
AppliancesOther
Building Area UnitsSquare Feet
Carport Y/NNo
CityMELBOURNE
Construction MaterialsStucco
CoolingOther
CountyBrevard
DirectionsTurn right onto Malabar Rd SE/FL-514 toward Malabar, Turn left onto Babcock St NE/FL-507/County Hwy-507, Follow Babcock St NE/FL-507/County Hwy-507, Turn right onto E University Blvd, Turn left onto Lipscomb St
Facing DirectionWest
Flood Zone CodeX
Flood Zone Code XY
Full Baths4
Garage Y/NNo
HeatingOther
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionHOPKINS PLAT PART OF LOT 12 BLK 3 AS DESC IN ORB 1313 PG 1028 EXC RD R/W
LevelsOne
Listing TermsCash, Conventional, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet7841
Lot Size UnitsSquare Feet
MLS Area32901 - Melbourne
New ConstructionNo
Occupancy TypeTenant
OwnershipFee Simple
Property SubtypeSingle Family Residence
Property TypeResidential
RoofOther
STELLAR_InLawSuiteYNNo
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameTOWN/HOPARKINS
Tax Annual Amount1319.44
Tax Lot12
Tax Year2025
Total Rooms3
UtilitiesOther
Water Access Y/NNo
Water View Y/NNo
Year Built1930
ZoningC1
Exterior for 2513 LIPSCOMB STREET
Building Area Total2607
Exterior AmenitiesOther
Foundation DetailsCrawlspace, Other
Lot Dimensions47.25 x 125
Lot Size Acres0.18
Lot Size Area7841
Private PoolNo
Road Surface TypeDirt
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Steven Silcock
Broker Owner