Important Details: Important Details: --> Vacant at close --> No HOA --> Great rental or Resale Opportunity
Investment opportunity in West Melbourne, FL! This property offers investors the opportunity to take on a full gut renovation and create value through a complete interior and exterior transformation. With the walls and main structural components intact, investors have a foundation to work from while bringing the property back to life. Whether you're looking for your next fix-and-flip project or an opportunity to build long-term rental income, this property offers plenty of potential.
Potential ARV: $320,000,-$330,000
Rehab Description: This property will require a full gut renovation, including comprehensive interior improvements to maximize its resale value and rental potential. The renovation should include new flooring, kitchen, bathrooms, cabinetry, countertops, appliances, electrical and plumbing updates as needed, fresh paint, lighting, fixtures, and all necessary interior finishes. Additional attention should be given to drywall, trim, and other finish work throughout the home. While the property requires significant work, the walls and structural components remain intact, providing a starting point for the renovation.
Ideal Investment Strategy: Resale/Rental
Comparable Rent: $2000-$2400/mo
Construction: CBD
Comp 1: 883 Del Mar Cir. Melbourne, FL 32904 3/2 1592 SQFT 2002 Build SOLD @ $330,000 10/30/26 (Clean/Newer)
