$176,000
●
House -
Off Market
117 Saint George Road
West Melbourne, FL 32904
3 Beds
2 Baths
1,188 Ft²
$235,177
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
ATTN INVESTORS! POOL HOME UNDER $180000! CASH SALE ONLY. Older home
in established neighborhood close to Melbourne Square Mall in need
of renovations. In the same family for decades, this home is
ready to be updated and brought back to life! Roof may not be
insurable due to age, so seller is asking for a cash sale only.
Great potential for this home!
Unit Size
1,188 Ft²
Days on Market
14 days
Land Size
0.19 acres
Price per sqft
$151
Property Type
House
Property Taxes
$39
HOA Dues
-
Year Built
1959
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (Space Coast MLS #891507)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 3, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | In contract | - | |
| In contract | |||
| Feb 23, 2024 | Listed by RE/MAX Alternative Realty | $324,500 | |
| Listed by RE/MAX Alternative Realty | |||
| | |||
|
WOW!! This POOL home is completely redone with so many upgrades: new drain lines, A/C, impact windows, roof, tile floors, base boards, textured walls, paint inside/outside, recess lights, blinds, tropical oasis landscaping and so much more! Gourmet kitchen has all new white wood shaker cabinets, tile backsplash, stainless steel appliances and granite countertops. Home is located in a great location close to shopping, restaurants, Crunch Fitness center, and only 50 min to Orlando! ONLY a 10 minute drive to BEACH! All items, high-end furnishings negotiable. Currently home is an active Short Term Rental fully booked through end of March. Lots of potential for a great investment or make this your DREAM home.
| |||
| Apr 26, 2023 | No longer available | - | |
| No longer available | |||
| Apr 6, 2023 | Listed by MTG of Brevard Inc. DBA RE/MAX Alternative Realty | $465,000 | |
| Listed by MTG of Brevard Inc. DBA RE/MAX Alternative Realty | |||
| | |||
|
WOW rare find Vacation rental with 3 years of PROVEN high income history. This POOL home is completely redone with so many upgrades: new drain lines, A/C, impact windows, roof, tile floors, base boards, textured walls, paint inside/outside, recess lights, blinds, tropical oasis landscaping and so much more! Gourmet kitchen has all new white wood shaker cabinets, tile backsplash, stainless steel appliances and granite countertops. BOOK OF BUSNESS CONVEYS WITH MANY FUTURE BOOKINGS! Home is located in a great location close to shopping, restaurants, Crunch Fitness center, and only 50 min to Orlando! ONLY a 10 minute drive to BEACH! All items, high-end furnishings convey! This place is fully equipped and ready to go! TOTAL GROSS INCOME YEAR AFTER YEAR OVER $50K! The manager has listed the unit size as 1188 square feet.
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About Cannova Park
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Listed by: Sandra L Nickless, Coldwell Banker Paradise
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 891507
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: 5 months ago
Data Source: Space Coast MLS, MLS# 891507
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