This 3 bedroom 2 bath block house is in overall good condition and offers 1,157 sqft of living space. The roof and AC appear to be in good condition, a good cleaning is all you would need to do to get this property rent ready at $1,100-$1,200/mo. Taxes were only $904 for 2017, with insurance your operating at a cap rate close to 14%. For a quick flip, some paint, baseboards and minor work in the bathrooms and kitchen is all you would need to do to flip this to an end buyer. You could probably get away with between $5k-$10k in repairs to turn this around. See comps below for both options:
Off Market Cocoa Flip! Come check out this big home in Cocoa that offers 3 bedrooms and 2 baths along with well over 2000 sqft. This is one of the bigger houses on the block with tons of design opportunities. It also has a three car garage and pavers in the driveway. We estimated this house to need a complete remodel on the inside. Call us now for more info!
1029 Revilla Ln – 4/2, 1823 sqft – Sold for $175k
1290 Alsup Dr – 3/2, 1782 sqft – Sold for $188k
1108 Pinedale Rd – 3/2, 1316 sqft – Sold for $152.5k
Instant Equity with the Cocoa Rental! Come quick and check out this 3 bedroom 1.5 bath concrete block home that was built in 1958 and offers 1,431 sqft of living space with a indoor laundry room, a large backyard and a 1 car stall carport. The Roof & Trane AC are 7 years old. Property has laminate wood floors throughout, with tiled kitchen floor, and updated bathroom. Huge bonus room offers additional living or possible 4th bedroom. I would match the stainless steel appliances to the Fridge, finish fencing the yard, clean up the home and yard and put it up for rent for $1,200/mo. If you are looking to rehab and resell you would need to install in new windows, make some upgrades in kitchen and bathroom, redo flooring and paint. Call Now to Purchase.
1103 W Highland Dr 4/2 1,134 SqFt Built 1958 Some Upgrades SOLD $127k on 5/2/18
403 Thomas Ave 3/2 1,1056 SqFt Built 1957 Dated w/ Pool SOLD 101k on 5/8/18
1054 Bellefonte Ave – 3/1 1,527 SqFt Built 1951 Needs Major Works SOLD $94k on 4/11/18
Check out this block and fully rented quadplex just blocks away from the Indian River. Property consists of 4 1/1’s that are currently rented out for $450 each. We believe tenants are all month to month, but seller says they have all been there a while and are good tenants. That being said, you should be able to get $600–$650 for each unit once you have made some repairs. The roof is going to need a reshingle, paint in and out, and some updating inside. We were unable to get into each unit for pictures, but we are working on setting up a showing now. If you are interested, please let me know and I will coordinate. Owner is responsible for water and sewer, which runs about $250/month. Tenants are responsible for everything else. If you put $20k to $25k in and maximized your rents at $650 for each unit, you would be looking at a huge return! Taxes are $2,284.
Take a look at this super clean cash flow in Cocoa. This 3 bed and 2 full bath property will yield a nice ROI. Rents in this area of Shakespeare Park section are between 900 – 1,000/mo. The property has new water and sewer lines from the meter to the house. Terrazzo floors throughout the house except the wet area. Freshly painted inside and out. This is an amazing deal….buy and rent right away! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Nice 4 bedroom 2 bath rental in Port St. John with newer metal roof, AC and tile floors in open areas. House needs paint, carpets and some minor cosmetic work. Soffit and some siding needs to be replaced/repaired in some areas but overall the house is in great condition. This property offers 1,804 sqft of living space with updated kitchen and bathrooms along with a water filtration system. Repairs to be rental ready are around $10k-$15k with rents in the area going for $1,300-$1,400. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
Cocoa Tear Down! They don’t get much cheaper than this. Here’s a 3 bedroom, 2 bathroom home located in North Cocoa. Connected to septic and city water. The home is in need a lot of repair, however has potential for a great rental return or tear down and build new. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net