Nice Cocoa Duplex
Cocoa, FL 32926
Bedrooms: 5 Bathrooms: 4.5 SQFT: 2,271 Year Built: 1993 ARV: $290,000
Here is a unique investment property with a number of exit strategies consisting of a duplex where the two units that are parceled separately. The larger unit is a 3 bedroom and 2 ½ bathroom two story with 1243 square feet plus a 2-car garage. It is currently rented for $1050 on a month-to-month term so raise rents to market value of about $1300 can happen in a couple months. The smaller unit is 2 bedrooms and 2 bathrooms with 1028 square feet, no garage and newly vacant. the rent should be $1050 with a little paint and clean up.
The numbers work for a flip giving you about a 17% return if you choose to resell each one separately. Heck, you could even rehab then sell one and keep the other one.