2531 Chatham Way NE, Palm Bay, FL 32905 — MLS photo

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2531 Chatham Way NE, Palm Bay, FL 32905

Active · MobileHome

$155,999

2531 Chatham Way NE, Palm Bay, FL 32905

Beds
3
Baths
2
Living area
1,010 sq ft
$ / sq ft
$154/sq ft
Year built
1971
Lot size
4,356 sq ft
HOA fee
—
Annual tax
$1,687

About this property

Minutes to the beach!! Land OWNED, City - Water and Sewer. NO HOA LIMITATIONS! NO HOA HEADACHES! Experience modern living in this beautifully remodeled and completely updated 3-bedroom, 2-bathroom home just minutes from the beach. With NO HOA and ownership of the land, this property offers the perfect blend of style, comfort, and flexibility. One bedroom features a private entrance, creating an excellent opportunity for additional income by renting the room while living in the other two bedrooms. Recent improvements include a newly resealed roof, adding peace of mind for the next owner. Conveniently located near shopping, dining, and coastal attractions, this move-in-ready home is packed with value. Roof resealed in 2022. Don't miss this incredible opportunity!

Property location

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2531 Chatham Way NE, Palm Bay, FL 32905

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,010 sq ft
Flooring
Vinyl
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Main Living Area Entry Level

Exterior & Structure

Property type
MobileHome
Year built
1971
Stories
1
Lot size
4,356 sq ft
Architectural style
One Story
Roof
Aluminum
Construction
Modular Prefab, Manufactured
Exterior features
Courtyard, Other
Pool
None
View
Other, Water

Parking

Covered spaces
2
Parking features
Attached, Garage

HOA, Community & Financials

Pets allowed
No
Annual tax
$1,687
Subdivision
SHIRE, THE FIRST ADDITION
County
Brevard
Days on market
144
MLS listing ID
B26035854
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

$1,042

Cap rate
13.7%
Net yield
13.7%
Cash-on-cash return
28.6%
Gross yield
17.3%
Mortgage payment
$740/mo
Down payment
$39,000
Loan amount
$116,999
Annual NOI
$21,381

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.