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1987 Wallace Avenue Melbourne FL 32935
1987 Wallace Ave, Melbourne, FL 32935
SOLD! $229,990 - Single Family
1,777 SqFt 4 Bedrooms 2 Bathrooms 1962 Year Built

Additional Details

  • Ideal Investment Strategy: Rental/Resale
  • Potential ARV: $400,000 - $420,000
  • Estimated Rehab: $50,000 - $60,000
  • Comparable Rent: $2,500
  • Construction: CBS
  • Occupancy: Call your Agent
  • Comp 1: 1816 Dodge Cir N Melbourne, FL 32935 4/2 - 1,672 sq.ft. - Sold: $426,000 - (April '22, updates)
  • Comp 2: 2081 Montgomery Rd Melbourne, FL 32935 3/2 - 1,738 sq.ft. - Sold: $410,000 - (May '22, Updates)
  • Comp 3: 1727 Dodge Cir S Melbourne, FL 32935 3/2 - 1,757 sq.ft. - Sold: $342,000 - (October '22, dated, no pool)
  • Comp 4: 1827 Ixora Dr W Melbourne, FL 32935 4/2 - 1,977 sq.ft. - PENDING $390k (Clean, Dated, Pool Home)
  • Rehab Description: For a flip, this property will need a full rehab. The kitchen and bathrooms need to be remodeled and new flooring is needed throughout. The roof and AC need to be updated. Finish up with Interior and exterior paint to attract top resale value.
  • Features: POOL HOME! Promising opportunity in a great area of Melbourne! This single-family home is located near downtown attractions, multiple attractions and parks! Features include nice sized bedrooms and a large backyard with lush green grass. This property is the perfect canvas for an experienced investor. Don't miss out!
  • Important Details: -Vacant at Closing, Pool, Newer Electric, Newer Plumbing,
  • Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab
Property Location