Under contract-accepting backup offers. Turnkey 1-Bed/1-Bath Condo – Reliable Long-Term Tenants in Place Great opportunity to own a well-maintained 1-bedroom, 1-bathroom condo in the desirable Coral Gardens community. The current tenants — a responsible couple — have lived here for over 10 years, always paying on time and taking excellent care of the property. The central heating system was replaced in 2024, and the home is in great condition. Photos were taken on May 25, 2025, and reflect the current state of the unit. This is a fantastic investment with stable rental income from day one. Whether you're looking to add to your portfolio or purchase your first rental, this unit is ready to go!
Pending
$125,000
1042 Mollie Ln #81042, Melbourne, FL 32935
1beds
733sqft
Est.:
Condominium
Built in 1984
-- sqft lot
$119,100 Zestimate®
$171/sqft
$224/mo HOA
What's special
Great condition
- 14 days
- on Zillow |
- 475 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: 21 hours ago
Listing Provided by:
Moses Nae 407-499-0240,
MIAMI TANGO INVESTMENTS REALTY 786-464-8803
Source: Stellar MLS,MLS#: O6322130
Originating MLS: Orlando Regional

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Built-in Closet
- Level: First
Primary bathroom
- Level: First
Balcony porch lanai
- Level: First
Great room
- Level: First
Kitchen
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Disposal, Microwave, Range, Refrigerator
- Laundry: Other
Features
- Other
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 733
- Total interior livable area: 733 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Other
Lot
- Size: 14.77 Acres
Details
- Parcel number: 27 371900268.D
- Zoning: XX
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Stucco
- Foundation: Block, Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Other
Community & HOA
Community
- Features: Fitness Center, Playground, Pool
- Subdivision: CORAL GARDENS BLDG 8
HOA
- Has HOA: Yes
- Services included: Maintenance Structure, Maintenance Grounds, Pool Maintenance, Water
- HOA fee: $224 monthly
- HOA name: Becca Mengel
- Pet fee: $0 monthly
Location
- Region: Melbourne
Financial & listing details
- Price per square foot: $171/sqft
- Annual tax amount: $1,649
- Date on market: 6/27/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Condominium
- Total actual rent: 13200
- Road surface type: Asphalt
- Loading