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2567 Andrews Avenue
About This Property
Inside, you'll find 1,504 square feet with NO CARPET, wood flooring in all four bedrooms and tile throughout the main living and wet areas. The spacious eat-in kitchen features abundant wood cabinetry, stainless-steel appliances, marble-look laminate countertops, decorative backsplash and recessed lighting. Two separate living areas include a light-filled Florida room that flows directly to the screened and covered porch, creating a natural transition from indoor living to the backyard. Step outside and enjoy your own Florida retreat with a resurfaced free-form pool, expansive pool deck, privacy-fenced yard and screened porch perfect for relaxing in the shade after a day in the sun. A 12' x 20' covered carport and 10' x 12' storage shed provide additional parking and storage.
Major improvements add even more value, including a 2023 HVAC system with replaced ductwork, 2024 permitted plumbing work/repipe, 2020 water heater, updated bathrooms and a PAID-OFF SOLAR SYSTEM installed under permit in 2021. The home also features a sprinkler system, helping make everyday ownership that much easier.
And then there's the location! Enjoy convenient access to the Atlantic beaches, Eau Gallie Arts District, Indian River Lagoon, Wickham Park, Historic Downtown Melbourne, shopping, dining and Melbourne Orlando International Airport. Spend the morning at the beach, the afternoon by your own pool and the evening exploring local restaurants and entertainment, all from a centrally located Melbourne home.
Fully furnished, pool, paid-off solar, major system updates and an established short-term-rental use, this one is ready for its next chapter.
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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 |
|---|---|---|---|
| Aug 14, 2026 | Listed by RE/MAX Elite | $419,900 | |
| Listed by RE/MAX Elite | |||
| Mar 2, 2023 | Sold | ||
| Sold | |||
| Oct 1, 2022 | Listed by RE/MAX Elite | $239,000 | |
| Listed by RE/MAX Elite | |||
| Sep 16, 2015 | Sold | ||
| Sold | |||
| Jul 20, 2015 | Listed by RE/MAX Elite | $125,000 | |
| Listed by RE/MAX Elite | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017