Available
$325,000(ARV: $600,000)54% of ARV

Brevard County, Melbourne, FL 32904

4 bd2 ba1,455 sfBuilt 1958

8 days ago

Gross spread$275,000

Description

Rare opportunity to acquire two residential properties in one package deal, offering approximately 3,089 combined living square feet across 0.85 acres. Ideal for investors seeking a fix-and-flip, rental portfolio addition, or potential multi-unit income opportunity. Property #1 – 4 Bed / 2.5 Bath 1,455 Sq. Ft. | 0.64-Acre Lot Brick/frame construction Metal roof installed in 2013 Estimated ARV: $350,000 Property #2 – 3 Bed / 2 Bath 1,634 Sq. Ft. | 0.21-Acre Lot Two-story home located behind the first property Separate kitchens on both floors Potential duplex conversion or separate rental configurations, subject to zoning and permitting Estimated ARV: $250,000 PHOTOS OF BOTH PROPERTIES INCLUDED IN POSTING. THE QUICK MATH: Package Asking Price: $324,900 Combined Projected ARV: $550,000–$600,000 Potential Gross Spread: $225,100–$275,100 Earnest Money Deposit: $10,000 An attractive opportunity to acquire two properties with multiple potential exit strategies, including renovating and reselling individually or holding for rental income. The second property's two-kitchen layout provides additional flexibility for investors exploring a multi-unit rental strategy. Contact Michael: Terms: Cash or Hard Money only.

$/sqft vs market

This deal$223/sqft
Market median$262/sqft
Difference−15% below

Median of 5 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms4
Bathrooms2
Square feet1,455
Lot size27,878 sf
Year built1958
ConditionFull Rehab
OccupancyVacant
ParkingDriveway

Systems & condition

Roof age11-20 yrs
HeatingFurnace
Air conditioningWindow units
FoundationSlab
Foundation conditionFair

Self-reported by the seller. Not inspected.

Property information

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