PENDING – Magnolia Park, Melbourne, FL 32901

Beds: 15    Baths: 11     SqFt: 5621

ARV: $760,000     Repairs: $60k   Rent: $5000/mo

$562,500+cc 

Rare opportunity to acquire 6 cash-flowing houses in a great neighborhood in Melbourne. All homes are side by side on the same street and are on city water and sewer. Each concrete block house is currently tenant occupied on month to month agreements and generating around $5000 per month. There are very strong comps in the area with average sold prices upwards of $139 per square foot giving this package a total retail value of $750,000 to $780,000. We recommend holding these as rentals and then fixing and selling them as they become vacant.

-House #1 – 3 beds, 2 baths, 1311 square feet
-House #2 – 2 beds, 2 bath, 744 square feet
-House #3 – 2 beds, 1 bath, 884 square feet
-House #4 – 2 beds, 2 bath, 814 square feet
-House #5 – 3 beds, 2 bath, 744 square feet
-House #6 – 3 beds, 2 bath, 1124 square feet

For Additional Photos Click Here

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