Edgewater Flip With Indian River Access! – FL 32141 Sold

  • $79,000
  • 2 beds
  • 2 baths
  • 989 sqft

Property Description:

This is an off-market flip/cash flow, located in the Terra Mar Village MHP in Edgewater.  The community features two pools, community center and a public boat ramp inside of the community with access to the Indian River. The neighborhood looks good as you drive through, so it will not push any prospective buyers/renters away as they pull in.

A new roof was installed just recently, but everything else will need to be updated including siding, kitchen, bath AC, etc. It is on city sewer and water plus the community has a low HOA of only 149/month.  Property has 989 sf as it sits currently, but there is a porch that you could potentially put under air, which would add an additional 180 sf.   You will need to fix some termite damage and a little bit of structural support underneath.  We have factored these costs into the price of the property.

Comps below are all in the same community and have a very similar overall look to them.  Some are nice than others, but none of them are overly rehabbed.  Most of them are in lived in condition.  160/sf to 165/sf seems extremely fair for a moderately rehabbed property.

Comparables

Price:
$79,000
Address:
Indian River Dr N
Edgewater, FL 32141
Square Feet:
989
Bedrooms:
2
Bathrooms:
2
Terms:
For Sale
Property Type:
Manufactured
Year Built:
1988
Basement:
$55,000
MLS #:
$160,000

Call (321) 379-5777 for more details

Property Location