1824 Bunche Street
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Price Decreased |
$164,998
↓ $5K
(2.9%) | |
| Price Decreased | |||
| May 27, 2025 | Listed by ENCORE INVESTMENT REALTY | $170,000 | |
| Listed by ENCORE INVESTMENT REALTY | |||
| | |||
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This beautifully updated 2-bedroom, 1-bathroom home offers modern comfort and convenience in a prime Melbourne location. Recent renovations include a fully remodeled bathroom completed in May 2025, a kitchen updated two years ago with new appliances, and a tankless water heater installed in 2023. All interior and exterior doors have been replaced, and the home has been freshly painted throughout. The roof is approximately 5–6 years old, and the HVAC system was replaced in 2018, providing peace of mind for years to come. Situated on a 0.10-acre lot, this 720 sq ft residence features a concrete deck perfect for outdoor relaxation and an open, open driveway with ample parking space. The property is free from HOA fees and restrictions, making it ideal for first-time buyers or investors. Located in the heart of Melbourne, you'll enjoy easy access to local amenities and schools such as Creel Elementary, Johnson Middle, and Eau Gallie High. Nearby attractions include Wickham Park, offering diverse recreational facilities; Erna Nixon Park, known for its elevated boardwalk through natural Florida hammock; the Liberty Bell Memorial Museum, showcasing American history; and the Historic Rossetter House Museum, providing insights into local heritage. Don't miss the opportunity to own this move-in-ready home with modern upgrades in a vibrant community.
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| Nov 22, 2017 | Sold | ||
| Sold | |||
Property Highlights
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Price/ft²
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About Melbourne
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017