Rockledge Concrete-Block 3/2 Rehab

This 1954 single-story concrete-block home offers 3 bedrooms, 2 bathrooms and 1,694 sq ft of living area on a 10,454 sq ft lot. The property has a metal roof, public water and sewer, a screened patio, fenced backyard and a detached concrete-block accessory building. The interior requires a complete renovation, with extensive ceiling and wall water damage, deteriorated finishes, an gutted kitchen, bathrooms requiring replacement and possible microbial growth. FEMA is Flood Zone X.

Repairs Needed (Estimated)

• New Roof
• Complete mold and environmental testing and remediation
• Remove damaged ceilings, drywall and insulation
• Reconstruct the kitchen
• Renovate both bathrooms
• Evaluate and replace HVAC
• Electrical and plumbing work
• New flooring throughout
• Complete interior and exterior paint
• Replace damaged doors, trim, lighting and fixtures
• Repair the screened patio and exterior finishes
• Clean and repair the detached accessory building
• Complete landscaping, debris removal, permits and inspections

Comparable Sales

1. 1107 Woodlawn Rd – 3/2, 1,772 sq ft, built in 1954, sold March 2026 for $290,000. The strongest comparison because it is located on the same street and is nearly identical in age and living area. It was updated with stone countertops, newer flooring and renovated interior finishes.
2. 1124 Manatee Dr – 4/2, 1,787 sq ft, built in 1966, sold June 2026 for $324,000. Updated home with tile flooring, an improved kitchen, a 2019 roof, paid solar panels and a two-car garage. The additional bedroom, newer construction and superior garage make it an upper-end comparison.
3. 978 Bougainvillea Dr – 4/2, 1,248 sq ft, built in 1962, sold May 2026 for $250,000. Move-in-ready concrete-block home with interior and exterior paint, tile and laminate flooring, a 2020 roof and fenced backyard. Considerably smaller but similar in age and construction.
4. 994 Palmer St – 3/2, 1,487 sq ft, built in 1963, sold March 2026 for $220,000. Sold as an as-is fixer with some kitchen improvements, a newer roof, AC, water heater and impact-resistant windows. Its condition was better than the subject but it provides a useful lower-condition comparison.
5. 1021 Revilla Ln – 3/2, 1,347 sq ft, built in 1962, sold June 2026 for $160,000. Marketed as a renovation project and sold quickly. It is smaller than the subject but provides useful support for the subject’s present as-is value.

ARV & Rental Analysis

Estimated ARV: $300,000 to $315,000 +/-

Estimated Rent: $2,250 to $2,400 per month +/-