JUST REDUCED $50,000. Renovated Key West-style Martello in Mallory
Creek at Abacoa offers 5,775 total sq. ft. of refined coastal
living. This turnkey 6BR/5BA estate features a private guest casita
above the 2-car garage with a separate entrance, full kitchen,
living room, bedroom, bath, and washer/dryer-ideal for
multigenerational living. The main residence showcases a
first-floor primary suite and office, concrete-poured second level,
impact windows/doors, newer A/Cs (2017, 2018, & 2023), 2 hot water
heaters, metal roof, luxury vinyl plank flooring, volume ceilings,
and a chef's kitchen with granite countertops, stainless
appliances, and large center island. Enjoy seamless indoor/outdoor
living with a heated saltwater pool/spa, covered porch, and full
cabana bath. In the heart of Abacoa, enjoy tree-lined streets,
parks, golf, community events, dining, and shopping. Minutes to
beaches, I-95, and excellent schools. Living sq. ft. may exceed tax
rolls due to guest casita.
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.
Large 5 bedroom house plus apartment over garage. Master BR downstairs. French doors. All carpet removed upstairs. Tile throughout downstairs. Needs work. Working Fund contribution of 2 month assessment due at closing See attachment for PAS requirements and WFHM offer submittal information in MLS document section
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Property Highlights
Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage, Garage Door Opener
Interior Details
Full Bathrooms: 5
Interior Features: Breakfast Bar, Built-in Features, Eat-in Kitchen, High Ceilings, Kitchen Island, Pantry, Bar, Walk-In Closet(s), BreakfastArea, Bathtub, SeparateFormalDiningRoom, DualSinks, KitchenDiningCombo, PrimaryDownstairs, SplitBedrooms, SeparateShower
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