Additional Details

• Important Details: --> Vacant at close --> Flood Zone X (No flood insurance needed)
• Features: Under 110K in Brevard County — Flip or rental opportunity. This 3/1.5 CBS home offers 936 SQFT and will be delivered vacant at close. Located in Flood Zone X (no flood insurance required), the property sits in a quiet residential neighborhood and also features an attached enclosed Florida room of approximately 270 SQFT that is not included in the living square footage, providing additional functional space. With solid CBS construction, a low entry price, and added usable space, this is a strong value-add opportunity with excellent upside for both resale and long-term rental.
• Potential ARV: $250,000-$260000
• Rehab Description: The property has good bones but will require a full gut renovation inside and out. To maximize resale value, it is recommended to convert the existing half bath into a full bathroom and utilize the additional 270 SQFT enclosed Florida room to create a functional 3/2 layout. Install a new central AC system, replace the roof as needed, modernize the interior with an updated kitchen, bathrooms, flooring, fixtures, and finishes, apply fresh interior and exterior paint, complete a thorough deep clean, and finish with landscaping to boost curb appeal and create a market-ready product.
• Construction: CBS
• Comp 1: 2302 Hyde Pkwy, Melbourne, FL 32901 2/1 737 SQFT 1955 Build PENDING @ $279,900 (Smaller/clean and updated)
• Comp 2: 309 Cornell Ave, Melbourne, FL 32901 3/1 1230 SQFT 1958 Build SOLD @ $250,000 12/8/25 (Updated)
• Comp 3: 316 Cornell Ave, Melbourne, FL 32901 3/2 900 SQFT 1958 Build SOLD @ $257,000 3/15/26 (Smaller/updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money