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Archived almost 7 years ago

$299,000

3 bd 2 ba 2209 sqft

23061 Avenue E, Alva, FL 33920

Residential SFR Off MLS

Current Rent **

$1,900

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

SFH on almost 3 acres with orange grove

Built in 2006, this home is on close to 3 acres at the end of a dead-end street (public road) offers luxury and privacy yet close to shopping and the downtown river district. This spacious 3 bed PLUS den home features high ceilings, formal dining, great room kitchen/family room, split bedroom floor plan with HUGE master suite, large closets, separate tub and shower and dual sinks. The entire property is Irrigated and there is over 1 acre of orange trees PLUS a chicken coop that is covered with a Passion Fruit vine. Whole house reverse-osmosis system, stainless appliances and NO flood insurance required. Above ground pool and extra large shed on property too. Check out the great location and compare the price against all that is offered with this ranch property.

Home is outside of city limits. Great opportunity to add additional income through adding mobile homes or other residential buildings which can be private/blocked from main house.

Being sold as-is. Home is currently vacant; furniture in photos is NOT included in the sale.

Seller is VERY motivated. Feel free to make an offer!

Location:

23061 Avenue E, Alva, FL 33920

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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.