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2581 Spence Drive Ne, Palm Bay, FL 32905

Palm Bay
Local realty services provided by:CENTURY 21 Circle
2581 Spence Drive Ne,Palm Bay, FL 32905
$550,000
  • 7 Beds
  • 6 Baths
  • 2,458 sq. ft.
  • Multi-family
  • Active
Listed by: caleb jose gomez, alba gomez
Office: blue marlin real estate
MLS#:1065407
Source:FL_SPACE

Price summary

  • Price:$550,000
  • Price per sq. ft.:$223.76

About this home

Income Producing Property near Downtown Melbourne. Welcome to 2581 Spence Dr, a rare and versatile multi unit property offering immediate income and long term upside. This unique compound style residence is occupied and currently generating rental income, making it an ideal opportunity for investors seeking a stabilized asset in a growing market. The property features a main home with 2 bedrooms, 1 bathroom, and a garage, complemented by five additional rental units that allow for diversified income streams. These include: Unit A: Studio, Unit B: Studio, Unit C: 1-bedroom unit, Unit D: Efficiency unit with a loft, Unit E: Efficiency. Tenants enjoy shared amenities including a central courtyard that creates a welcoming community feel, as well as a dedicated laundry area for added convenience. Major improvements have already been completed, offering peace of mind to the next owner. The property has a newer roof and fencing.

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Home facts

  • Year built:1958
  • Listing ID #:1065407
  • Added:110 day(s) ago

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:6
  • Full bathrooms:6
  • Kitchen Description:appl_
  • Living area:2,458 sq. ft.

Heating and cooling

  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1958
  • Building area:2,458 sq. ft.
  • Lot area:0.22 Acres
  • Construction Materials:Stucco

Schools

  • High school:Palm Bay
  • Middle school:Stone
  • Elementary school:Palm Bay Elem

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$223.76
  • Tax amount:$3,229 (2025)

Features and amenities

  • Laundry features:appl_

Parking

  • Garage:Yes
  • Garage spaces:1
Information deemed reliable but not guaranteed. Information is provided, in part, by Brevard MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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