Cheap 2/2 Condo In Titusville FL

Perfect For Flip or Rental

New Roof (Updated In 2023)

🏖️10-Minute Drive To The Beach.

Buy: $135,000

ARV: $220,000

Rent: $1,600

Call or Text Us: 321-384-5006

Key Features:

• 🏡 2 bed, 🛀2 Full bath
• 🪴Low HOA!
• ♨️Heating❄️Cooling Central
• 🧺Laundry Room: Electric Dryer Hookup, In Unit, Upper Level, Washer Hookup
• 🚗Parking: Assigned Parking lot

Click Here For Pictures

Property Details

This is a 2-bedroom, 2-bathroom condo for sale in Titusville. It is only a 10-minute drive to the beach. This property is ideal for either flipping or renting out, as it has a potential monthly rent of $1,600. The condo was built in 1988 and offers 1,120 sqft of space and sits on a 5,662 sqft lot. The HOA fees are low at $245 per month.

The property includes kitchen appliances such as a dishwasher, electric range, electric water heater, refrigerator, and breakfast bar. There is a water view of a pond and the outdoor space includes a covered patio, front porch, patio, porch, and a screened area. The property is also fenced with wood. Utilities for the property include Cable Connected, Electricity Connected, Sewer Connected, and Water Connected.

Pictures:  https://drive.google.com/drive/folders/1WjY3DlRtCJo6k8QQ1ZkkaUSrCJioqben?usp=sharing

Investor Analysis

Pros

• High ARV Potential: Substantial profit margins
• Recent updates: The roof was recently updated in 2023 with a shingle tile roof that is in great shape. There is a $100 monthly assessment until December 2025 for the roof replacement, which the seller will pay in full at closing.
• Prime Location: 10-Minute Drive To The Beach
• HOA approval is not required. Services included: Cable TV, Insurance, Internet, Maintenance Grounds, Maintenance Structure, and Pest Control.

Cons

• It cannot be used for Airbnb, it has to be rented for a minimum of 30 days.
• The property will need a new kitchen and floors

Investment Strategies:

• Flip Potential: Good profit returns with minimal additional investment needed.
• Rental/ BRRRR: Ideal location and condition for steady rental income with minimal upkeep.

Conclusion: This property provides great opportunities for both flipping and rental, featuring recent upgrades, an excellent location, and versatile functionality. It is currently vacant and easy to show.

Comps:

136 McNeela Dr #136, Titusville, FL 32796

Sold in April 2024! 20 ft away
Sold: $200,000

2465 S Washington Ave APT A-110, Titusville, FL 32780

Sold in May 2024! 3.1 miles away

Sold: $235,000 

119 McNeela Dr #119, Titusville, FL 32796
Sold in March 2023! 49 ft  away
Sold: $232,000

121 McNeela Dr #121, Titusville, FL 32796

Sold in September 2023! 115 ft  away
Sold: $200,000

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DISCLAIMER:

• All offers are Cash or Private Lender Only.
• Deposits for all properties are non-refundable.
• Properties are sold AS-IS with NO inspection period; Please inspect first.
• Buyer pays all closing costs for buyer and sellers.
• Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 
• Citywide Investments, LLC is not a licensed contractor or appraiser.
• Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.
• Seller has an equitable interest in this property and is advertising the sale of this contract as