JUST REDUCED $100,000 TO $2,245,000. 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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