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Archived over 3 years ago

$900,000

3 bd 2 ba 2090 sqft

23 Fairview Blvd, Fort Myers Beach, FL 33931

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$7,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Mark Fansler

Gutted home with great canal views!

Hello there,

I have this property under agreement to purchase directly with the owner and will be assigning the contract, so please accept this invitation to access the 23 Fairview Blvd, Fort Myers Beach, FL files and confirm that you are able to access everything.

This property is not a rental, but BP listing required me to add a projected rent figure. Homes in the area are renting for monthly rents of $7000.00

It's a great opportunity to pick up a masonry ranch home that is already gutted, cleaned up and treated, with wide canal access, covered boat lift, a 2 jet ski lift, and an in-ground pool!

Come check out this clean slate, pick up a great flip or vacation home and don’t forget to check out the view from the pool!

Make your offer based on your own due-diligence and cost analysis of the property.

Purchase (Minimum offer) $900,000
Renovations are estimated at $175,000. (reno is well below the FEMA 50% renovation cost cap)
ARV _ $1,530,000

You can access more pics and files through the link below.

https://drive.google.com/drive/folders/1tHfRNg4PtI0yblhaNTS9mRYDoEkaZswG?usp=sharing

Please feel free to reach out with any questions or to set up a tour/video tour of the property.

(Note: Contract holder is a licensed Real Estate Agent)

Mark Fansler
302-241-4935
[email protected]

Location:

23 Fairview Blvd, Fort Myers Beach, FL 33931

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.