2273 Merlin Drive, Melbourne, FL 32904

$750,000
Property Type: Residential Income Square Footage: 2,337 Lot Size (sq. ft.): 9,583 Status: Active
Current Price: $750,000 List Date: 5/30/2025 Last Modified: 6/04/2025

Description

Diamond ALF is a fully licensed, turnkey assisted living facility offering a rare opportunity for immediate operation and strong income potential. Recently renovated with several hundred thousand dollars in upgrades, this 4-bedroom property is approved for six residents and includes a full fire alarm and suppression system, a backup generator, and all infrastructure required for regulatory compliance. Though currently unoccupied, the facility is fully approved, licensed, and ready to open its doors. Each of the six beds is capable of generating approximately $5,000 - $5,500 per month, offering the potential for $30,000+/month in gross income. The layout is efficient and resident-friendly, creating a safe and comfortable environment while allowing for smooth day-to-day operations. Whether you're an experienced operator or new to the senior care industry, Diamond ALF delivers a fully finished, move-in ready business in a growing market with increasing demand for assisted living services

More Information MLS# 1047512

Location, Tax, and Legal

Tax Account: 2863934 Parcel Number: 28-36-11-26-0000a.0-0031.00 General County Location: South Elementary School: Meadowlane Middle School: Central High School: Melbourne Tax Annual Amount: 5272.74 Tax Year: 2023 Tax Legal Description: FALCON RIDGE LOT 31 BLK A Directions: Griffith to Merlin.

General Property Information

Bathrooms Half: 0 Living Area: 2337 Lot Size Acres: 0.22 Lot Size Square Feet: 9583 Association YN: No New Construction YN: No Garage YN: Yes Garage Spaces: 2 Carport YN: No Water Body Access YN: No List Price/SqFt: 320.92 Year Built: 2007

Remarks and Miscellaneous

Public Remarks: Diamond ALF is a fully licensed, turnkey assisted living facility offering a rare opportunity for immediate operation and strong income potential. Recently renovated with several hundred thousand dollars in upgrades, this 4-bedroom property is approved for six residents and includes a full fire alarm and suppression system, a backup generator, and all infrastructure required for regulatory compliance. Though currently unoccupied, the facility is fully approved, licensed, and ready to open its doors. Each of the six beds is capable of generating approximately $5,000 - $5,500 per month, offering the potential for $30,000+/month in gross income. The layout is efficient and resident-friendly, creating a safe and comfortable environment while allowing for smooth day-to-day operations. Whether you're an experienced operator or new to the senior care industry, Diamond ALF delivers a fully finished, move-in ready business in a growing market with increasing demand for assisted living services

Appliances

Dishwasher: 1 Electric Range: 1 Electric Water Heater: 1 Microwave: 1 Refrigerator: 1

Construction Materials

Block: 1 Stucco: 1

Cooling

Central Air: 1 Electric: 1

Current Use

Commercial: 1 Investment: 1 Residential: 1

DPR Eligible

DPR Eligible: Yes

Electric

Whole House Generator: 1

Exterior Features

Storm Shutters: 1

Flooring

Laminate: 1 Tile: 1

Heating

Central: 1 Electric: 1

Laundry Features

Electric Dryer Hookup: 1

Levels

One: 1

Listing Terms

Cash: 1 Conventional: 1 Private Financing Available: 1

Lot Features

Cleared: 1

Parking Features

Attached: 1 Garage: 1 Garage Door Opener: 1

Possession

Close Of Escrow: 1

Income and Expenses

Gross Scheduled Income: 360000

Owner Pays

Common Area Maintenance: 1 Electricity: 1 Exterior Maintenance: 1 Grounds Care: 1 HVAC Maintenance: 1 Insurance: 1 Janitorial Service: 1 Management: 1 Pest Control: 1 Repairs: 1 Roof Maintenance: 1 Sewer: 1 Taxes: 1 Water: 1

Road Frontage Type

City Street: 1

Road Surface Type

Asphalt: 1

Roof

Shingle: 1

Security Features

Fire Alarm: 1 Fire Sprinkler System: 1 Security Lights: 1 Smoke Detector(s): 1

Sewer

Public Sewer: 1

Special Listing Conditions

Corporate Owned: 1 Standard: 1

Utilities

Cable Available: 1 Electricity Connected: 1 Sewer Connected: 1 Water Connected: 1

View

Canal: 1 Trees/Woods: 1

Water Source

Public: 1

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 No Sign: 1 Restricted Hours: 1 Showing Service: 1

Showing Considerations

Occupied: 1

Contract Information

Current Price: $750,000 Original List Price: 750000 List Price: $750,000 Status: Active Listing Contract Date: 2025-05-28 Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 2273 Street Name: Merlin Street Suffix: Drive County: Brevard State: FL Postal Code: 32904 MLS Area Major: 331 - West Melbourne Subdivision Name: Falcon Ridge

Status Change Information

Major Change Timestamp: 2025-05-30T11:57:16Z Major Change Type: New Listing Status Change Timestamp: 2025-05-30

Property Features

Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Construction Materials: Block; Stucco Cooling: Central Air Current Use: Commercial; Investment; Residential Electric: Whole House Generator Exterior Features: Storm Shutters Flooring: Laminate; Tile Heating: Central; Electric Laundry Features: Electric Dryer Hookup Levels: One Listing Terms: Cash; Conventional; Private Financing Available Lot Features: Cleared Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Janitorial Service; Management; Pest Control; Repairs; Roof Maintenance; Sewer; Taxes; Water Parking Features: Attached; Garage; Garage Door Opener Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Security Features: Fire Alarm; Fire Sprinkler System; Security Lights; Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: Corporate Owned; Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected View: Canal; Trees/Woods Water Source: Public Showing Considerations: Occupied Showing Requirements: 24 Hour Notice; Appointment Only; No Sign; Restricted Hours; Showing Service
Listing Office: Landshark Realty
Last Updated: June - 04 - 2025
Information is deemed to be reliable, but is not guaranteed.

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