2513 Lipscomb St, Melbourne, FL 32901
Melbourne Value Add Investment Property Near the Beach
5 beds, 4.5 baths, 2,607 square feet, income in place, major updates completed, and multiple exit strategies just 1 mile from the beach.
Direct answer
What should buyers or sellers know about 2513 Lipscomb St, Melbourne, FL 32901?
2513 Lipscomb St, Melbourne, FL 32901 helps rental owners make a clearer decision about leasing, tenant screening, cash flow, risk and long-term property performance. The best answer depends on the property, local demand, rent readiness, owner goals, legal requirements and the cost of vacancy or mistakes.
Key points before you decide
- Start with the owner objective: stable income, lower vacancy, stronger screening, better systems or a decision to keep or sell.
- Measure the issue in dollars and time, including vacancy, repairs, leasing delays, compliance risk and management effort.
- Use a documented process so tenant decisions, leasing steps and owner expectations are consistent.
Investment Highlights
Located just 1 mile from the beach, this Melbourne property offers a unique dual strategy opportunity for investors looking for either rental income, a flip, or a flexible value add renovation.
The front structure has already been fully gutted, with the separating wall removed, allowing flexibility to reconfigure the space as a duplex or a large single family residence. This creates a clear path for a custom build out and value add play.
Major updates include a new roof in 2024, new windows, updated electrical panel, and appliances already in place. Utilities are on city water and sewer, keeping infrastructure simpler for the next owner.
With income in place, major systems updated, and strong upside near the beach, this is a versatile investment opportunity with multiple exit strategies.
Investment Overview
| Purchase Price | $175,000 |
| Projected Market Rent | $4,150 per month |
| Estimated Rehab | $60,000 |
| Estimated ROI | 20.02% |
| Estimated Net Income | $50,042.50 |
| After Repair Value | $300,000 |
| Strategy | Rent, flip, duplex conversion, or single family renovation |
Possible Exit Strategies
Rental strategy: Complete the front structure and operate the property as a multi unit income property, subject to zoning, permitting, and final configuration.
Flip strategy: Finish the renovation and resell based on the improved property condition and proximity to the beach.
Hybrid strategy: Keep the updated rear unit income in place while completing the front renovation, then reassess whether to sell, refinance, or hold.
Interested in This Melbourne Investment Property?
Request details, access information, rent assumptions, rehab notes, and next steps before this opportunity is gone.
Request Property DetailsFrequently asked questions
What should owners know about 2513 Lipscomb St, Melbourne, FL 32901?
2513 Lipscomb St, Melbourne, FL 32901 should be evaluated as a practical operating decision, not just a one-time task. Small process gaps can affect vacancy, risk and cash flow.
When should a landlord ask for help?
A landlord should ask for help when vacancy, screening, maintenance coordination, legal notices or decision fatigue start affecting the property’s performance.
What is the next step?
The next step is to compare the current rental process against a documented management or leasing plan and identify the highest-cost bottleneck.