Fire-Damaged Block House 3/2 on Oversized 0.36-Acre Lot In Palm Bay, FL

DEAL OVERVIEW

Strategy: Flip / Full Rehab / Buy & Hold

Heavy value-add opportunity in Palm Bay for an experienced investor or contractor. This 3-bedroom, 2-bath concrete-block home sits on an oversized approximately 0.36-acre lot and has sustained significant fire damage.

The interior is largely stripped to the framing, giving the next buyer a clear starting point for a full reconstruction and renovation.

CONDITION

Significant fire and smoke damage

Large section of the roof and roof framing is damaged and open

Interior largely stripped to the studs

Multiple charred framing members visible

Full roof reconstruction required

Electrical, plumbing, HVAC, and structural components need professional evaluation

Full interior buildout needed

Property is not currently habitable

VALUE-ADD OPPORTUNITIES

Potential improvements include

• Roof and structural reconstruction
• Complete interior renovation
• New kitchen and bathrooms
• Electrical, plumbing, and HVAC upgrades
• New insulation, drywall, flooring, doors, and finishes
• Exterior cleanup and landscaping
• Flip or long-term rental after rehabilitation
• INVESTMENT HIGHLIGHTS
• 3 bedrooms / 2 bathrooms
• Large approximately 0.36-acre lot
• Concrete-block construction
• Interior demolition largely completed
• Strong opportunity for an experienced fire-rehab investor
• Multiple exit strategies after renovation
• Cash or hard-money buyers preferred
• COMPS
• 1638 Riviera Dr NE,Palm Bay, FL 32905 - 3/2, 1,176 sqft - Sold $285,000;
• 1874 Lemay Dr NE,Palm Bay, FL 32905 - 3/2, 1,174 sqft - Sold $300,000
• 780 Baracoa Ave NE - 3/2, 1,360 sqft - Sold $295,000
• ADDITIONAL INFORMATION
• Sold as-is
• Access available upon request
• Do not enter the property without authorization
• CONTACT