Fix & Flip a Block From The Beach

170 Flamingo Dr, Satellite Beach, FL 32937

$230,000 After Repair Value -
$138,900 Asking Price -
$45,000 Cost of Repairs =
$46,100 Potential Profit

Property Details

Asking Price $138,900

After Repair Value $230,000

Costs of Repairs $45,000

Potential Profit $46,100

Living Area 884 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 1

Listed with Agent No

Property Description

Off-Market, concrete block, investment opportunity in Satellite Beach. This 1957 built home is located just 1 block from the beach, and features approximately 900 square feet of living space, including 3 bedrooms and 1 bathroom. Property also includes a 1 car garage and a large utility area, which could easily be converted into a Master Suite to increase the ARV, and your return. The home will need a full rehab, inclusive of new Roof, AC with duct work, full interior cosmetic rehab, and landscaping. In regards tot he comparable sales, both comps are further from the beach and in similar renovated condition so our ARV is estimated at a conservative $230,000.

Repairs Needed

Complete Rehab Needed (Home is Gutted)

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