Merritt Island Flip or Rental

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Flip Return
Merritt Island, FL 32953

Bedrooms: 3     Bathrooms: 1     SQFT: 984

Year: 1959     ARV: $145,000

Solid Block Merritt Island Home ready for an investor to come in and put on the finishing touches. Some recent rehab work has been done including newer windows throughout and the home has been very well maintained, plus the roof is only 6 years old. For a flip it will need flooring (has terrazzo), AC and duct work, kitchen updates, some bath updates, paint inside and out, a new front door, and other miscellaneous items. For a buy & hold, your return should be around 9.5% NET and rehab should be flooring, AC window units, paint, front door, and other minor items. Very rare to see such a low price for this kind of versatile investment home on the island. 

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