Shelby Dr, Melbourne, FL, 32935

Home /

Shelby Dr, Melbourne, FL, 32935

$160,000

Shelby Dr, Melbourne, FL, 32935

3

Beds

1

Baths

866

Sqft

1960

Year Build

Proforma Summary

Fix & Flip

Estimated ARV: $250,000

Buy & Hold

Renovation Info

Estimated Rehab: Medium
Roof Age: 2022
AC Age: 2020

Key Details

Single Family Home
HOA: None
Lot Size: 6,534 sqft
Garage Type: Carport
Construction Type: Block
Vacancy: Vacant

Unit Breakdown

UnitBed/BathLiving (Sqft)Gross (Sqft)Proforma Rent

About This Property

Newer Systems Lipstick Flip in a Great Subdivision!
Located in a clean and rapidly growing Melbourne subdivision, this newer-systems lipstick flip offers a strong opportunity for investors. The property requires only a light-to-medium cosmetic renovation, making for an easy and efficient project with solid upside potential. Situated in a highly desirable area with a quick market turnover, this home is ideal for a fast resale strategy. Nearby comparable activity supports strong value growth, with active listings reaching into the mid-$200Ks. Vacant and easy to access, this deal is well-suited for cash or hard money buyers looking for a straightforward assignment opportunity.

Sales Comparable

2349 Leewood Blvd, Melbourne, FL 32935
$259,000
3 Bedrooms, 1 Bathroom, 978 sqft
2253 Dordon Dr, Melbourne, FL 32935
$255,000
3 Bedrooms, 1 Bathroom, 866 sqft
2429 Lorna Dr, Melbourne, FL 32935
$295,000
3 Bedrooms, 2 Bathroom, 1,008 sqft

Terms and Conditions

All offers are Cash or Private Lender Only. $5000 non-refundable deposit required for purchase up to $300,000, $10,000 non-refundable deposit required for purchases over $300,000. Properties are sold AS-IS with NO inspection period; Please inspect first. Buyer pays all closing costs for buyer and sellers Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of SafetyNet Group. Actual repair cost, rent, and/or ARV may vary. Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary. SafetyNet Group has an equitable interest in this property and is advertising the sale of this interest.

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