54% ARV 🎯 Investor Alert! 💸 Cocoa Fixer-Upper w/ Huge Lot & Development Potential 🏠

Description

Calling all Investors! Cocoa historic district fixer-upper! Located in a walkable area near the Indian River. Large lot (over half acre) with potential for subdivision. The rehab was already started, with a brand new permitted roof and repair of some trusses. The lot has been half cleared and some demo started.

Great potential for reconfiguration (3/2/1 with a nice open floor plan). This is truly a diamond in the rough, with solid bones and an unbeatable location. Similar properties were sold in the low 400’s, that’s a 54% ARV! Don’t miss your chance and call us now!

Asking Price: $233,999
Address: Manor Dr, Cocoa, FL 32922

Property details: Data collected from homeowner and public information: (all buyers responsible for their own investment decisions):

Single Family
3 beds + 2.5 baths
Heated Area: 1,790 sq ft
Gross Area: 2,254 sq ft
Lot Size: 0.54 acres
Year Built: 1948
Construction Materials: Masonry
1 Car Garage
Vacant
Repairs

Full rehab needed
Comps:

2119 Macfarland Dr, Cocoa, FL 32922 (SOLD 12/01/23 $425K) (Single Family, 3 beds + 3 baths, Heated Area: 1,500 sq ft, Lot Size: 6,534 sq ft, Year Built: 1925, Pool)
2103 N Indian River Dr, Cocoa, FL 32922 (SOLD 03/15/24 $450K) (Single Family, 3 beds + 2.5 baths, Heated Area: 2,176 sq ft, Lot Size: 0.34 acres, Year Built: 1952)