408, Banyan Way, Melbourne Beach, Brevard County, Florida, 32951, United States
SOLD! $474,990 - Single Family
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