20
Map
208 Amherst Avenue NE
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2025 | Sold | ||
| Sold | |||
| Apr 7, 2025 | Listed by Waterman Real Estate, Inc. | $469,900 | |
| Listed by Waterman Real Estate, Inc. | |||
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Aug 3, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Glover Properties | $55,000 | |
| Listed by Glover Properties | |||
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Ideal Investment Opportunity Near Florida Institute of Technology! Don't miss your chance to own this 0.19-acre vacant lot, perfectly positioned just moments away from FIT.
Cleared and ready for development, this property is zoned for single-family residences and offers an exceptional opportunity for building student rental housing. This lot is close to downtown Melbourne, providing easy access to a wide array of shopping, dining, and entertainment options. Proximity to top local employers ensures convenience for potential tenants, making this a smart investment for rental income. Vacant land in Melbourne is scarce, making this a rare and valuable find. Whether you're an investor looking to capitalize on the demand for student housing or seeking to build a custom home, this lot offers endless possibilities. Seize this opportunity to invest in Melbourne's thriving community. Contact us today for more details and feel free to drive by the lot to see it for yourself.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017