Cocoa Investor Special under 100k Cowart Rd. Cocoa, FL. 32922
Investor Special! When you buy this property you will get the opportunity to convert a diamond in the rough. Whether you are a new investor or a seasoned professional, you will definitely want to check this one out before it’s gone.
Extensive repairs are needed but this property is priced to sell. Property will needs new roof, electrical boxes, new AC, drywall repair, plumbing repairs, etc.
The home also could potentially be rented as two units as it has a mother in law suite with its own front door and electrical meter. However, it is not zoned for multi-family usage so you would need to look into rezoning.
The average price/SQFT in the area is about 158/SQFT which would put the ARV at 215k+. Considering none of our comps have sold for that much we took a conservative approach and put the ARV around 190k+. This will make for a solid investment opportunity.