Check out this beautiful Flip!
This 3 bed 2 bath Mansory home
Sits in a beautiful & developing neighborhood
Perfectly located right off International Airport
With plenty of schools and commercials centers around
And only 12 minutes from Melbourne Downtown!
The house needs work for flip or for rent.
There is a room at the back that could
turn in to a 4th bedroom, and add extra value.
It’s is currently rented with a lease up to September 15th For $900.
A nicely done comp sold for $307K
Flip it for an affordable price point of $300K
With the right work, it will sell fast!
Or put it up for rent, with less work you can
turn it into a solid rental yielding $1,600 a month!
Hurry up… it won’t last long… be the first to lock it up!
3 homes in the 0.4-mile range sold for an average price of $298K and average price-per-sq. ft. of $170.
The first comp is a Mansory vinyl frame home, fully renovated and stage well. It went under contract in 4 days, and sold over the asking price, for 307K. The second comp is a second-hand home, not renovated, in a decent condition. With dated bathrooms. Sold for $289K. The 3rd comp is a second-hand home in decent condition. It has dated bathrooms and a good shape kitchen. Equipped over ground pool. Overall the exterior looks dated. Sold for 260K.
All comps are 1965 or older. The last 2 comps are in the same subdivision.
The first comp is the only renovated one, and it sold fast & over the asking price. The other two are second-hand homes, not renovated, sold for sale. Considering that, we estimate that a renovated house will sell around 300K. Adding the fact that the back porch could turn into a 4th bedroom, the ARV could be even higher, around 320-330K.
Sq. ft. living: 1,568
Sq. ft. total: 1,794
Frame Type: Mansory
Year Built: 1959
Lot Size(sq. ft.): 7,841
Rent Type: Lease up to September 15th
Current Rent: $900
Market Rent: $1,600
AC: 2 years
Roof: 2005 no leaks
Plumbing: Works Fine