2456 Andrews Ave, Melbourne, FL 32935

Great Investment Opportunity | Fixer-Upper | Owner Financing Available Looking for your first investment property — or your next great opportunity? This owner-financed value-add property is a great opportunity for investors, flippers, landlords, or buyers looking to create a customized home in a desirable Melbourne location. Originally a 3-bedroom, 1-bathroom home, the carport has been converted into an additional room, creating the potential for a 4-bedroom, 2-bathroom home once the renovation is completed. The estimated finished living area is approximately 1,167 sq. ft. The property has been partially gutted and is ready for your vision. With an estimated $50K renovation, you have the opportunity to complete the remodel and add significant value. The roof was replaced in 2025, and the property also features a spacious backyard. Investment & Financing Details * Purchase Price: $159,000 * Down Payment: $9,000 * Owner Financing: $150,000 at 10% * First Year: Interest Only * Target ARV: Approximately $270,000 * Estimated Market Rent: Approximately $2,200/month * Section 8 Estimated Rent: Approximately $2,517/month for a 4-bedroom No traditional bank financing needed — Owner Financing is available for qualified buyers. Location Highlights * Approximately 10 minutes to Melbourne Square Mall * Convenient access to I-95 * Approximately 10 minutes to the river * Less than 15 minutes to the nearest beach * Close to shopping, dining, recreation, and major roadways Whether your strategy is to fix and flip, renovate and rent, BRRRR, or create a home of your own, this property offers multiple possibilities for adding value. Fix It. Rent It. BRRRR It. Sell It. Owner financing available — Only $9,000 down. Reach out for additional details or to schedule a showing.