Additional Details

• Important Details: --> One ac unit is 2024 and the other unit is 2015 --> The top unit is rented for $1400/MO and on a lease until end of December. The bottom unit is M2M @ $950/Mo.
• Features: CASH COW Opportunity w/ equity in Merrit Island! This 6/4 CBS Duplex is 100% conforming and just needs a straightforward rehab to raise the rents to the market standard and begin collecting big monthly checks! Both units are 3 bedroom/two bath and approximately 1092 sqft. Each unit has its own electric meter, a stove, refrigerator, microwave, living area, and bathroom. There's also 4 available parking spots in front of the property. Being offered at an impossible to find price. Don't miss out on this rare opportunity.
• Potential ARV: $430,000-$450,000
• Rehab Description: For a flip or to maximize rents, this duplex rehab will be easy. The roof is 2008, but appears to be in good condition. Both of the AC units were recently replaced. On the inside a cosmetic facelift is recommended. Replace the kitchen, flooring, bathrooms, and trim/fixtures. Deep clean the interior and power wash the exterior, apply fresh interior/exterior paint, and do some landscaping to boost curb appeal!
• Estimated Rehab: $40,000-$50,000
• Comparable Rent: $1600-$1800/Mo PER UNIT
• Ideal Investment Strategy: Rental/Resale
• Construction: CBS
• Comp 1: 247 Island Beach Blvd, Merritt Island, FL 32952 Triplex (2/1.5, 2/1, and 1/1) 2784 sqft 1961 Build SOLD @ $515,000 3/1/24 (Slightly bigger/sold to an investor/some updates)
• Comp 2: 157 Platt Avenue B, Merritt Island, FL 32952 2/1 Half Duplex 1519 SQFT 1939 Build Leased @ $1650/MO 12/11/24 (Basic rental finishes)
• Comp 3: 55 Needle Boulevard 88, Merritt Island, FL 32953 2/2 900 sqft 1964 Build Leased @ $1550/MO 09/23/24 (Smaller/basic rental finishes)
• Comp 4: 205 Palmetto Avenue 108, Merritt Island, FL 32953 2/2 1033 SQFT 1983 Build Leased @ $1550/MO 09/17/24
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab