ARV $250 + (Potential over $300k with master suite renovation)
Estimated Rehab $35k (keeping screened porch as is)
For a Flip it needs:
Roof: 2005 No leaks but aged
AC: 2015 – may need cleaning
Updates to kitchen and one bath, some flooring, install some trim & doors (materials on-site), cosmetics.
Rent should bring $1500-$1600/mo.
Comps:
982 Micco Rd, Cocoa, $259,900 Under Contract, 1486 sf with unscreened pool, nicely renovated
1177 Alpine Ln, Cocoa, $250,000 Active, 1440 sf, Dated
1132 Aron St, Cocoa, $310,000 Closed, 1622 sf, with screened pool, partially renovated
940 Eyerly St, Cocoa, $259,900 Under Contract, 1686 sf, minor cosmetic updates only
Features: One bath is already updated including pipes converted to PVC. City Water and Septic. Upstairs loft is currently the master suite; you could relatively easily enclose part or all of 385 sf screen porch into new lower-level master suite to add square footage and make it a 4 bedroom, 3 bath home. Property has working sprinkler system, is wired for generator, and has (or had recently) termite bond.
$5,000 non-refundable earnest money deposit required. Price includes assignment fee. Buyer to pay all closing costs. CASH or Hard Money only! Title work already ordered to close by Aug 31, 2021. DO NOT DISTURB OCCUPANTS. There will be a ONE-TIME showing at 6:00 pm on Monday, August 23rd; RSVP if interested.