Property Description:
Located in a quiet Melbourne neighborhood, this off-market flip is a solid investment. On county records this is a 2 bedroom, 1.5 bathroom, 1074-square-foot home. However, one of the porches has been enclosed, adding over 200 square feet, an extra bedroom, and bathroom. This makes a 3-bedroom, 2-bathroom home.
The enclosed areas have A/C and don’t have a step-down. Similar-sized, updated homes in the area are selling for over $300,000. We’ve stayed extra conservative on our ARV. The current market value for this property is $204,000, making this a greatly discounted property.