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2342 Misty Way Ln Melbourne FL 32935
2342, Misty Way Lane, Melbourne, Florida, 32935
FOR SALE $269,990  
1440 sq ft 4 Bedrooms 2 Bathrooms 2 Garages 1999 Year Built

Additional Details

  • Important Details: --> VACANT AT CLOSE --> RFFL-042793-2022 - Roof replacement 2022 --> HOA $181/MO (covers common areas)
  • Features: Great opportunity in Melbourne! This CBS 4-bedrooom, 2 bathroom features 1440 of living space, an attached two car garage, and sitting on a fenced in yard. Being offered VACANT at close with a new roof and with instant equity and plenty of upside as a flip. Prime central location in Brevard County. Near shopping centers, restaurants, and 15 minutes away from the beach. Don't miss out on this opportunity where the properties in our subdivision are moving quickly!
  • Potential ARV: $350,000-$370,000
  • Rehab Description: For a flip or rental, this in an easy rehab. The roof was recently replaced two years ago. The AC unit is in working order and does not need any repairs. Modernize the interior by updating the flooring, kitchen, baths, and fixtures/trim. Apply interior/exterior fresh paint and deep clean. Finish up with landscaping to boost curb appeal!
  • Estimated Rehab: $25,000-$35,000
  • Comparable Rent: $2200-$2400/MO
  • Ideal Investment Strategy: Flip/Rental
  • Construction: CBS
  • Comp 1: 2015 Buescher Hill St, Melbourne, FL 32935 3/2 1344 SQFT 1995 Build PENDING @ $325,000 (1 day on the market) (Smaller/one less bedroom/dated with an updated countertop)
  • Comp 2: 2363 Royal Poinciana Blvd, Melbourne, FL 32935 3/2 1444 SQFT 1992 Build PENDING @ $355,000 (9 days on the market) (Similar home/slightly older/one less room/updated)
  • Comp 3: 2072 Sierra St, Melbourne, FL 32935 3/2 1264 1995 Build PENDING @ $355,000 (9 days on the market) (Smaller/inside is dated)
  • Comp 4: 2215 Breezy Cir, Melbourne, FL 32935 2/2 1096 SQFT 1991 Build SOLD $320,000 06/06/24 (14 days on the market) (Smaller by over 300 sqft/only 2 bedrooms/updated)
  • Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab
Property Location

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