This 4-unit property in Cape Canaveral, Brevard County, is currently income-producing and rented, bringing in $6600 a month. With 3 of the tenants being on a month-to-month basis, in the event an investor would elect to hold these properties as rentals you could easily achieve $1900 per month bringing the monthly income to $7,600 a month. It has a new roof that was put on in 2023  and a high-voltage electric replacement in 2022. The air conditioning, and water heaters were all replaced in the last 4 years. While a full cosmetic rehab is recommended to further enhance its value by adding new LVP flooring, paint , and kitchen cabinets, and refreshing the bathrooms, the property is well-positioned near A-rated schools, beaches, the cruise port, restaurants, and shopping. 

The cheapest active 2-bedroom comparable in the area is listed at $260K, highlighting the investment potential. For optimal results, consider flipping one unit at a time to maintain a steady stream of rental income throughout the renovation process.