Concrete Block Flip or Rental
Cocoa, FL 32926
Bedrooms: 3 Bathrooms: 2 SQFT: 1,328
Year: 1965 ARV: $159,900
Off-Market, 1965 built investment home in Cocoa, FL. This concrete block property is in great shape and features, 3 bedrooms, 2 bathrooms, 1,328 square feet of living space, a big utility room with washer dryer hookups, and a 1 car garage. The roof and AC system are approximately 9 - 10 years old and are in great shape. Flippers will need simple cosmetic updates to get this property back on the market for resale including, paint, flooring, update the kitchen & baths, as well as appliances.
For the buy & hold investors, getting this property in move-in / rent ready condition, this home will need a refrigerator, interior paint, and flooring. Market rent for this area is between $1,200 - $1,300 / month so with very minimum rehab and a scorching hot rental market, expect this property to be a cash cow very quickly in your portfolio with NET returns estimated at over 9%. Give your Florida Property Hub agent a call for more information on this Brevard County Investment Opportunity.
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