2311 Arizona St, Melbourne, FL 32904

****PRICE REDUCED****Unique opportunity to own a versatile property with multiple living spaces and exceptional income potential. Currently consisting of two adjoining parcels (2311 & 2321 Arizona) for a combined 0.85 acres. Paperwork has already been filed with the county to combine them into a single property.nThe front parcel features a spacious 4-bedroom, 2.5-bath main residence with comfortable living areas perfect for everyday living. On the rear parcel is a detached two-story building with two private apartments. The downstairs apartment offers 1 bedroom and 1 bathroom, while the upstairs apartment features 2 bedrooms and 1 bathroom, providing excellent options for rental income, multi-generational living, guest accommodations, or a home-based business.nAdding even more value, a new metal roof was installed June 2025 on main house and original flooring has been refinished. Whether you're looking for an owner-occupied investment, space for extended family, or a property with multiple income-producing opportunities, this rare offering delivers outstanding flexibility and endless possibilities.