This 3-bedroom, 2-bath block home offers 1,360 sq ft of living space on just under a ¼-acre lot with no HOA, located only 10 minutes from Downtown Melbourne and the Melbourne Beach entrance. Surrounded by shopping, dining, entertainment, and close to the river, this property sits in a desirable area with strong resale and rental appeal. The lot backs to a canal with no rear neighbors, adding privacy and value.

The home underwent a renovation a few years ago, but still presents a strong value-add opportunity for investors looking to maximize returns. It will require new flooring and baseboards, fresh interior and exterior paint, updates in both bathrooms, and a kitchen refresh to create a more modern feel.  Opening up the kitchen and adding an island will create the open-concept layout buyers and renters are looking for. The property will also need a water heater and some drywall work in the laundry area.

With the right improvements, this is a solid flip opportunity with strong upside, or a great buy-and-hold in an area with stable, moderate-to-strong rental demand. Multiple exit strategies make this a versatile deal with excellent ROI potential.

Don’t miss this opportunity to secure this deal. Contact your EquityPro advisor today.