Palm Bay Townhome

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Rental Return

Palm Bay, FL 32905

Bedrooms: 2 Bathrooms: 2 1/2 SQFT: 1,140

Year: 1984 ARV: $100,000

Great little cash flowing Arlington townhome located in the heart of Palm Bay. This is a 2 bedroom, 2 ½ bathroom townhouse currently rented for $875 a month. The tenant has been there for 3 years, on an annual lease that expires July 2020, and wants to stay beyond 2020. If the unit does become vacant it will need some cosmetic updating including flooring, paint, and other minor items then rent can go up to about $1000 or maybe more. The water heater is new in the past year and AC looks a little older but should be ok for some time as a rental.

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