250 N Banana River Dr APT B15, Merritt Island FL

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Owner finance

$149,000

250 N Banana River Dr APT B15

Merritt Island, FL 32952

Beds2

Baths1

Sq ft912

Year built1964

Listed by

Aida N Teague, Southern Tropics R.E. LLC · (321) 302-5238

What the listing says

OWNER FINANCING AVAILABLE! Don't miss an opportunity to own a TWO BEDROOM unit on the FIRST FLOOR. Unit features tile throughout and some updates to the kitchen and bathroom. The sliders have a view of the courtyard. It's tenant occupied through 8/31/2027 at $1,500/mo. The tenant is wonderful and pays on time. And the HOA covers the water, sewer, trash, ground and exterior building maintenance. And the 2026 taxes are reduced, making this an investor friendly property. Carport 99 is assigned to this unit. The community offers laundry facilities, onsite management, a heated pool, a tiki hut and access to the canal. Live in a perfect location! You're minutes to Cocoa Beach, Ron Jons, Port Canaveral and restaurants and shops in Merritt Island. Rt 528 is convenient to get to the beaches and to Orlando.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Condominium

HOA

$489/mo

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Questions about owner financing in Merritt Island

What is owner financing for 250 N Banana River Dr APT B15?

Owner financing means the seller of 250 N Banana River Dr APT B15 acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Merritt Island, FL home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Merritt Island home?

There is no standard down payment. The seller of this Merritt Island home sets their own, and it is negotiable. Ask the seller or their agent.