1944 Fillmore Ave, Melbourne, FL 32935

Features: Great investment opportunity in Melbourne’s Bowe Gardens! 3-bed, 1.5-bath CBS home with new roof, AC, and water heater (all 2024). Tenant in place paying $1,650/month through Aug 2026. Turnkey cash-flow rental in a prime location near schools, shopping, and highways.

Potential ARV: $285-000-$295,000

Rehab Description: For a flip or rental this needs updating to the kitchen, bathroom, flooring, and fixtures. Finish off by applying fresh interior/exterior paint, and some landscaping to boost curb appeal.

Construction: CBS

Estimated Rehab: $25,000-30,000

Comparable rent: $2,000

Closing Date: On or before 12/4/25

Occupancy: Tenant occupied on a lease paying$1,650/Mo until 08/31/2026. tenant pays utilities

Information believed to be accurate but not warranted

Comp 1: 2429 Lorna Dr, Melbourne, FL 3 Beds, 2 Baths, 1008 sqft, 7,841 sqft lot, 1961 build, Sold 09/2025 for $295K, Investor flipped

Comp 2: 1870 McKinley Ave, Melbourne, FL 32935, 3 Beds, 2 Baths, 1,359 sqft, 7,841 sqft lot, 1958 build, sold 05/2025 $261,500, outdated

Comp 3: 1156 Wilson St, Melbourne, FL 32935, 3 Beds, 1 Bath, 1,112 Sqft, 8,712 sqft lot, 1959 build, Sold 07/2025 for $215K cash to an investor