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2629 Andrews Avenue
About This Property
Located minutes from Historic Downtown Melbourne, as well as, the Eau Gallie Arts District, beaches, and less than 2 miles from Orlando Melbourne Airport and near I-95, US 192, and A1A.
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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 |
|---|---|---|---|
| Jun 25, 2025 | Sold | ||
| Sold | |||
| May 17, 2025 | In contract | - | |
| In contract | |||
| Apr 16, 2025 | Listed by Coldwell Banker Realty | $292,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Awesome opportunity for a savvy buyer as SELLER IS CONTRACTING TO HAVE CAST IRON PIPES LINED AND IS TRANSFERRING A LIFETIME WARRANTY. Making this an effective age house of 5 years as an extensive remodel was completed in 2020. Quality kitchen upgrades including striking white quartz countertops, farmhouse sink, and black soft close cabinetry. Chic and contemporary. Impact windows and plank tile floors throughout. The roof, a/c and water heater also replaced in 2020 . Split bedroom plan. Large screened patio leading to expansive backyard with shed. Bonus an extra long garage for storage or your 1960 Cadillac. EXTENDED DRIVEWAY on side for boat or RV parking. Location? In the Heart of Eau Gallie with Walmart just 1/2 mile, 6 min to I-95, and beach is 12 minutes. This one's a keeper!
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| Jun 11, 2020 | Sold | ||
| Sold | |||
| Mar 5, 2020 | Listed by Dale Sorensen Real Estate Inc. | $175,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
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About Pic Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017