Melbourne Beach Quad

Melbourne Beach Quad

6 bed 5 bath 3306 sq ft Built in 1971 Multi-family
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87
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
20/20
Quality of Floor Plan
Choppy Flowing
18/20
School Rating
F A
10/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

There is substantial instant equity in this Melbourne Beach quad. This property comes fully furnished, and all 4 units are ready for immediate rental. Plus the roof is only 5 years old!

There are four separate units, a 2-car garage, six large parking spots, and a coin-operated laundry facility which you will own. The two downstairs units each feature 1 bedroom, 1 full bathroom, a kitchen, a living room, and an outdoor private patio. One upstairs unit features 1 bedroom, 1 full bathroom, a kitchen, a living room, and a small outdoor patio. The fourth unit has 3 bedrooms, 2 bathrooms, a huge deck overlooking the ocean, an additional bedroom balcony, an in-unit front loading washer and dryer, vaulted kitchen, updated flooring and bathrooms, new paint throughout, and new appliances. 

This area is zoned with an A-rated elementary school and is across the street from 4th Avenue beach access. Now's your chance to own an amazing quad just steps from the Atlantic Ocean. Call your EquityPro Advisor today. 

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We recommend flip
Rental Income
$10,500 mo. / $126,000 yr.
Property Insurance
$12,000 / yr.
Estimated Taxes
$10,362 / yr.
Property Management
$12,600 / yr.
Maintenance
$2,000 / yr.
HOA Dues
$0 / yr.
$89,038
Projected Income
10.82%
Estimated APY
$326,100
Projected Income
35.30%
Estimated ROI

Comps

 
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