1957 Built Block 3/1 on Large 0.30-Acre Lot in Cocoa

This solid 3-bedroom, 1-bathroom block home is located on W Highland Dr in Cocoa. Built in 1957, the property features 1,160 sq. ft. of living space and sits on an oversized 0.30-acre lot, which is significantly larger than many neighboring parcels. The home offers excellent potential as a fix-and-flip or a long-term rental, given the strong demand for 3-bedroom block homes in the area. Majors are all around 10 years old and bath was renovated 3 years ago.

🛠️ Rehab Scope (Estimated)

• Cosmetic Update: Full interior refresh including new flooring, paint, and modern fixtures.
• Kitchen & Bath: Modernize the kitchen and bathroom to compete with the 402 Edinburgh Dr comp ($239k sale).
• Exterior: Pressure wash and paint.

🟣 Comparable Sales

1. 402 Edinburgh Dr – 3/1 | 1,066 sf | Sold $239,900 ($225/sf) | 1958 Built | Top Comp (Slightly smaller, similar vintage)
2. 1057 Olive St – 2/1 | 1,015 sf | Sold $219,000 ($216/sf) | 1951 Built | 2-Bed Comp (Sold for $219k despite having one less bedroom)
3. 1060 Olive St – 3/1 | 1,117 sf | Pending $209,900 ($188/sf) | 1951 Built | Pending Sale
4. 1049 Bellefonte Ave – 2/1 | 825 sf | Sold $168,500 ($204/sf) | 1951 Built | Smaller 2/1

💰 ARV & Rental Analysis

The most relevant comparable is 402 Edinburgh Dr, a 3/1 built in 1958 that sold for $239,900. The subject property is nearly 100 sq. ft. larger (1,160 sf vs 1,066 sf) and sits on a larger lot (0.30 acres). Additionally, the sale of 1057 Olive St for $219,000 as a 2/1 proves that even smaller homes in this area have strong value when renovated.

Estimated ARV: $230,000 – $240,000 +/-

Projected Rent: $1,600 – $1,750/mo +/-