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408 BANYAN WAY, MELBOURNE BEACH, FL 32951
408, Banyan Way, Melbourne Beach, Brevard County, Florida, 32951, United States
SOLD! $474,990 - Single Family
1857 3 Bedrooms 2 Bathrooms 2 Garages 1962 Year Built

Additional Details

  • Ideal Investment Strategy: Rental/Resale
  • Potential ARV: $650,000 - $660,000
  • Estimated Rehab: $40,000 - $50,000
  • Comparable Rent: $2000
  • Construction: CBS
  • Occupancy: Call your Agent
  • Comp 1: 415 Hibiscus Trl, Melbourne Beach, FL 32951 - 3/2 w/1900SqFt - Sold $700k - (Updates/Pool)
  • Comp 2: 133 Tampa Ave, Indialantic, FL 32903 - 3/2 w/1746SqFt - Sold $660k - (Updates/No Pool)
  • Comp 3: 515 Hibiscus Trl, Melbourne Beach, FL 32951 - 3/2 w/1752SqFt - Sold $627.5k - (Updates/No Pool)
  • Rehab Description: For a flip, this property needs cosmetic updates to the Kitchen, Baths, and Flooring. Roof and A/C appear to be in good working condition and still have half of their life left. For a rental, minor updates to the kitchen and baths will have you rental ready.
  • Features: This 3/2 conforming CBS home is every investor's dream. Nestled between in the desirable *SOFA area* of Indialantic and Island Shores community of Melbourne Beach. The Neighborhood boat ramp also has access to the Indian River. No HOA, and located between river and ocean, a short walk, bike ride, or golf cart ride to water; this property won't be available long.
  • Important Details: - Vacant at Closing; Converted Porch ->additional 400SqFt Living Space "Under Air"'; The seller has extra tiles that could be used to replace any damaged tile
  • Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab
Property Location