Merritt Island

Lynne Dr, Merritt Island, FL 32952

Beds: 2    Bath: 2    SqFt: 1,000

ARV: $150k-$160k    Repairs: $30k

Rent: $1200/mo


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Calling all Brevard Investors! Come check out this off market deal that offers 2 bedrooms and 2 bathrooms along with a thousand square feet of living space and a 1 car garage. The home is going to need updating throughout. The roof is around 25 years old and the electrical was updated 20 years ago. Also the A/C does not work. One of the bathrooms has a new sink, cabinet and shower. This property would be good for either a flipper or someone looking to hold long term. Market rent for this area is around $1200/mo! Call us asap to purchase!

PENDING – Chub St., Merritt Island FL 32952

Bed: 3   Bath: 2    SqFt: 1408

ARV: $235k     Repairs: $35k

$155,000+cc  Assignable

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Merritt Island Flip in the beautiful subdivision of Surfside Estates within walking distance to the Banana River and just a few short minutes to the beaches at Jetty Park!  This is the least expensive house offered in the area and especially in Surfside Estates.  The least expensive active in this subdivision is $369,900 and the cheapest Pending is over 100K more than this.  This property would make an amazing flip for any savvy investor.  *Property is listed as a 4/2 on tax roll but only 3 bedrooms were counted. House will need a full rehab including kitchen, baths, painting and flooring.  The roof looks to be in good condition but should be inspected to be sure. The subdivision is very close to the water, plus there are no actives at all anywhere near this price.  The 4/2 pending for 264K (1430 Eddy) is not on the water and went pending in 6 days.  1435 Eal is also not waterfront and would be the most similar, sold for 230K (had to go out further than 6 months to get this one because it sold on 1/1/18).  All comps within 1 mile and sold this year.