620 E New Haven Ave

Investment Overview

Mixed-use building in the downtown Melbourne core with two commercial suites and five apartments. Trailing twelve months to April 2026: $115,025 gross income, $42,711 operating expenses, $72,314 net operating income. Six of seven units are under signed lease as of September 8, 2026. Suite 101 is leased through July 2029 and Suite 102 through August 2027, both modified gross. Units 103 and 104 have been re-leased with terms commencing September 25 and October 1, 2026. Unit 202 became vacant August 31, 2026 at the end of its term and is being shown. Signed rent is $8,206.50 per month, or $9,806.50 fully leased. Ownership self-manages and there is no third-party management fee. Recurring operating cost has run between $9,700 and $11,200 a year across the last two annual periods. Under current ownership the roof has been replaced in phases with $43,819 of documented contractor invoices, HVAC is a mix of central and split systems with one commercial split replaced within the last three months, and windows are impact rated. Interior updates to paint, cabinets, appliances and countertops were completed in 2021 and 2022. Plumbing fixtures and electrical were updated during the hold.

Investment Highlights

• The 32901 ZIP code is the premier business hub of the Space Coast, home to key organizations driving economic growth. These include Orlando Melbourne International Airport, L3 Harris, Northrup Grumman, Florida Institute of Technology, Health First, Kindred Hospital, and the Melbourne Regional Chamber of Florida's Space Coast.