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245 Cherry Ave, Merritt Island, FL 32953
245 Cherry Avenue, Merritt Island, Brevard County, Florida, 32953, United States
SOLD! $214,990 - Single Family
1,090 sq ft 3 Bedrooms 2 Bathrooms 2 Garages 1964 Year Built 7,841 sq ft

Additional Details

  • Ideal Investment Strategy: Rental/Resale
  • Potential ARV: $330,000-$350,000
  • Estimated Rehab: $5,000-$25,000
  • Estimated Monthly Rental Value: $2,100
  • Construction: CBS
  • Occupancy: Call your Agent
  • Comp 1: 240 Spruce Ave, Merritt Island, FL 32953 -- 3/1/1394 sq ft -- SOLD $325k SEP 2022 -- (Pending in 3 days! Mid-range Updates, Only 1 bath)
  • Comp 2: 825 Indianola Dr, Merritt Island, FL 32953 -- 3/2/1262 sq ft -- SOLD $348k SEP 2022 -- (Updated Ranch-style home with huge lot, No garage)
  • Comp 3: 434 Via Florence Ct, Merritt Island, FL 32953 -- 3/2/1102 sq ft -- SOLD $285k AUG 2022 -- (Dated, Clean, Same condition as ours is currently in)
  • Rental Comp: 1810 Dogwood Dr, Merritt Island, FL 32953 -- 3/2/1191 sq ft -- LEASED $1800/mo AUG 2022 -- (Clean, Rental Condition)
  • Rental Comp 2: 1990 Hamlin Ave, Merritt Island, FL 32953 -- 3/2/1280 sq ft -- LEASED $2250/mo JUL 2022 -- (Leased in 1 day! Dated Rental Condition,Pool Home
  • Rehab Description: For a rental, this property only calls for a deep clean! For a flip, cosmetic updates are recommended. Begin with a deep clean, then remodel the kitchen and one of the bathrooms. The roof and HVAC both appear to be in good shape. Replace lighting and fixtures throughout and apply a fresh coat of paint in and out to boost curb appeal.
  • Features: CLEAN BLOCK HOME IN BREVARD COUNTY?! This 3 bedroom, 2 bathroom, CBS Construction home sits in a quiet residential pocket of Merritt Island, FL! The property features a 2-car Garage, 2013 roof and HVAC system updates with permits for both, a screened-in porch facing a backyard complete with wooden privacy-fencing, a living room, dining room, and master suite! Centrally located within a 5-minute-or-less drive to Publix, Target, and a local elementary school, this property sits in an IDEAL location! Don't miss out on this opportunity!
  • Important Details: --> Vacant at Close! --> 2013 Roof and HVAC with permits!
  • Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab
Property Location