Property Description:
This 1,488 sq ft 3-bed, 2-bath single-family home sits on a 13,068 sq ft lot in Palm Bay. Built in 1987, the property is offered at a deep discount and will need a full cosmetic rehab to bring it up to market value. With rental potential of around $2,000/month, this is a strong buy and hold opportunity. You could potentially flip it as well, but there are so many new construction comps around it, it’s really tough to tell what the arv is. All of the comps are over a mile.
🛠️ Rehab Scope
- Full interior/exterior renovation
- Kitchen and bath modernization
- Flooring, paint, fixtures, windows, doors
- Roof/HVAC/plumbing/electrical updates as needed
- Landscaping and curb appeal improvements
🔴 Recently Sold / Pending Comps
- 913 Algardi St SE – 1,410 sq ft, 3/2, built 1982 → Sold $315,000 ($223/sq ft) – updated
- 1750 Wapello Ave SE – 1,260 sq ft, 3/2, built 1986 → Sold $235,000 ($187/sq ft) – updated
- 110 Echo Ct SE – 1,743 sq ft, 3/2, built 1989 → Sold $244,500 ($140/sq ft) – updated
- 2601 Diane Ave SE – 1,727 sq ft, 3/2, built 1984 → Sold $299,900 ($174/sq ft) – updated