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919 Colonial Ave SE, Palm Bay, FL 32909
919 Colonial Ave SE, Palm Bay, FL 32909
SOLD! $119,990  
900 sq ft 3 Bedrooms 1 Bathroom 1984 Year Built 10019 sq ft

Additional Details

  • Important Details: --> Vacant at close --> Flood Zone X (No flood insurance needed) --> 2023 Roof
  • Features: Under 120K in Brevard County — 3/1 home offering 900 SQFT built in 1984, delivered vacant at close with solid fundamentals already in place. Featuring a 2023 roof and located in Flood Zone X (no flood insurance required), this is a clean opportunity with limited major expenses. Conveniently located just 20 minutes from the beach and close to all the shopping, dining, and amenities Palm Bay has to offer, making it an attractive option for both resale and rental demand.
  • Potential ARV: $210,000-$220,000
  • Rehab Description: To maximize value, modernize the interior by updating the flooring, kitchen, bathrooms, and fixtures/trim, apply fresh interior and exterior paint, complete a deep clean, and finish with light landscaping to boost curb appeal. On the exterior, the roof was replaced in 2023, and the AC is from 2016—currently in working order but will most likely need replacing due to age.
  • Comparable Rent: $1400-$1600/MO
  • Ideal Investment Strategy: Resale/Rental
  • Construction: FR
  • Comp 1: 1051 Colonial Ave SE, Palm Bay, FL 32909 3/1 1000 SQFT 1982 Build PENDING @ $232,000 (Clean but dated)
  • Comp 2: 1366 Waffle Street SE, Palm Bay, FL 32909 2/1 950 SQFT 1982 Build SOLD @ $216,500 3/27/26 (Clean but dated)
  • Comp 3: 1372 Sagola St SE, Palm Bay, FL 32909 2/1 1010 SQFT 1988 Build SOLD @ $226,500 3/23/26 (Updated)
  • Comp 4: 1666 Yamada St SE, Palm Bay, FL 32909 2/1 1002 SQFT 1983 Build SOLD @ $210,000 3/23/26 (Clean but dated)
  • Comp 5: 1623 Sadigo St SE, Palm Bay, FL 32909 2/1 920 SQFT 1982 Build SOLD @ $225,000 3/4/26 (Clean but dated)
  • Comp 6: 1351 Van Dyke Ave SE, Palm Bay, FL 32909 2/1 875 SQFT 1985 Build SOLD @ $210,000 12/11/25 (Clean but dated)
  • Comp 7: 220 Ensenada St SE, Palm Bay, FL 32909 3/1 900 SQFT 1984 Build SOLD @ $201,000 11/3/25
  • Comp 8: 1381 Vander Ave SE, Palm Bay, FL 32909 2/1 1000 SQFT 1982 Build SOLD @ 224,000 10/23/25
  • Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money
Property Location

Benjamin Valdez – Asset Manager

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Benjamin Valdez – Asset Manager