Additional Details

• Important Details: --> HOA $100/MO --> Fire Damage
• Features: Dual Threat Opportunity in Palm Bay UNDER $60K! This 2 bedroom, 2.5 bathroom, 1,224 SQFT townhome is being offered vacant at close, giving investors a versatile opportunity. Whether you’re looking for a profitable flip or a strong addition to your rental portfolio, this property delivers upside at an affordable price.
• Potential ARV: $160,000-$170,000
• Rehab Description: This property requires a full renovation with strong upside potential. The roof will need to be replaced and trusses will need addressing due to fire damage from a neighboring property. The interior calls for a complete overhaul, including new flooring, kitchen, bathrooms, fixtures, and trim throughout. With a full rehab, this home can be repositioned as a high-demand rental or profitable resale opportunity.
• Comparable Rent: $1500-$1600/MO
• Ideal Investment Strategy: Rental/Resale
• Construction: FR
• Comp 1: 4612 Tree Ridge Ln NE, Palm Bay, FL 32905 2/2.5 1224 SQFT 1981 Build SOLD @ $170,000 12/19/24 (Same unit/dated but clean)
• Comp 2: 4013 Tree Ridge Ln NE, Palm Bay, FL 32905 2/2.5 1170 SQFT 1981 Build SOLD @ $110,00005/30/25 (Clean/bought for a rental)
• Comp 3: 4616 Tree Ridge Ln NE, Palm Bay, FL 32905 2/2 1304 SQFT 1981 Build SOLD @ $100,000 11/08/24 (Dated)
• Comp 4: 1617 Sunny Brook Ln NE #104, Palm Bay, FL 32905 3/2 914 SQFT 1984 Build SOLD @ $177,000 11/01/24 (Smaller/neighboring community/clean)
• Comp 1: 2513 Tree Ridge Lane, Palm Bay, FL 32905 2/2 1000 SQFT 1988 Build Leased @ $1500/mo 10/02/24 (Smaller/Updated)
• Comp 2: 2523 Tree Ridge Lane NE 23, Palm Bay, FL 32905 2/2 1064 SQFT 1988 Build Leased @ $1450/mo 07/11/24 (Smaller/updated)
• Comp 3: 2022 Tree Ridge Lane NE, Palm Bay, FL 32905 2/1 879 SQFT 1984 Build Leased @ $1450/mo 07/16/24 (Smaller/updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab