Stellar Palm Bay Flip

Brevard County, Palm Bay, FL, 32905
Sold
Listed at: January 22nd, 2024
Price
$155,125
ARV
$285,000
Gross Margin
$129,875
Sq. Footage
1053
Type
Single-Family
Parking
Driveway
Year build
1974
Lot size
0.36 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Start your 2024 with this stellar home in the fast-growing city of Palm Bay. For starters, this home is being offered way below its current tax-assessed value of $191,000. This high equitable home features three bedrooms and two bathrooms with an attached 2 car garage and sits on a corner lot.

We recommend doing a full renovation on the property from top to bottom, which includes replacing the roof, flooring, kitchen updates, and bathroom updates, along with replacing some of the windows as well. We also recommend servicing the electrical and plumbing as well due to the age of the home.

In addition, with very strong comparables, thus giving a conservative and estimated ARV of around $285,000 and market rents over $2000, giving this gem multiple exit strategies for any savvy investor. Homes of this caliber under $200k in Brevard County are hard to come by. Call your EquityPro Advisor today before you miss out!

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Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Rene Droz

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Disposition manager