2042 Foxwood Drive, Melbourne, FL 32935

Property Details:

Attractive & homey, well-maintained, single-owner investment property with happy tenants and very low vacancy on quiet, shaded, dead-end/cul-de-sac less than 10 min from Eau Gallie Arts District. Commercial contractor/owner built abutting quads and held for long-term income investment. All units stay rented easily and occasional vacancies fill immediately. Great quality of life for tenants. Units are same size & have back porches with utility/storage rooms that include laundry hookups. End units slightly different layout. Ample parking on either side of building or on tree-lined street. 2018 roof; many units have tile throughout, new appliances; HVACs. Property management company has most recent lease at $1550/mo, but still room to grow. Potential additional income source utilizing land around cul-de-sac for tenant storage bays, etc. Identical quad for sale next door.

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