FL
Brevard
MELBOURNE
32901
2513 LIPSCOMB STREET
2513 LIPSCOMB STREET, MELBOURNE, FL 32901
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Listing Type
Single Family
Listing Status
Active
4
$187,500

Home Details for 2513 LIPSCOMB STREET

Price
$187,500
Type
Residential
Bedrooms
5
Bathrooms
5.0
Square feet
2607
Year built
1930
Lot size acres
0.18
County
Brevard
Total rooms
3
Garage
Basement
Crawl Space
Days on site
0
MLS Listing#
A4684029
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.

Property Features
  • Cooling Information
    • Other
  • Heating Information
    • Other
  • Water Features
    • Public
  • House Interior
    • Other
  • Utilities
    • Other
  • Basement
    • Crawl Space
Listing Courtesy: ELEVATE REALTY LLC - 561-427-3923
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-02-27 06:40:20
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EXIT RIGHT REALTY
2036 14th Ave Ste 103, Vero Beach, FL 32960
Office
772 404 4450
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