Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $600,000-$630,000
• Estimated Rehab: $80,000-$110,000
• Construction: Frame
• Occupancy: Call your Agent
• Comp 1: 1891 CARBONATA DR, ALVA, FL 33920 - 3/2 1,948 sqft SOLD $700k MAY 2022 (1994 build, updated with pool, 2 car garage, directly on the water with dock, and no boat lift, .41 acres)
• Comp 2: 21160 CAPTAIN NELSON CT, ALVA, FL 33920 - 3/2 2,019 sqft SOLD $650k MARCH 2022 (2002 build, updated and no pool, 2 car garage, and directly on the water with dock, .65 acres)
• Comp 3: 1981 CARBONATA DR, ALVA, FL 33920 - 3/2 2,014 sqft SOLD $600k OCTOBER 2021 (1993 build, basic clean condition, with pool on the canal, .63 acre lot)
• Comp 4: 2130 GARDNER RD, ALVA, FL 33920 - 4/3, 2,507 sqft SOLD $705k APRIL 2021 (1994 frame build, remodeled, with pool, 2 car garage, boat lift, and directly on the river & canal .47 corner acre lot like subject property)
• Comp 5: 2110 WAYLIFE CT, ALVA, FL 33920 - 3/2, 2,277 sqft SOLD $650k NOVEMBER 2020 (1995 build, with pool, 2 car garage, and directly on the river & canal .63 corner acre lot like subject property)
• Rehab Description: For a flip this needs a full rehab update to the kitchen, bathrooms, bedrooms, flooring, fixtures, and appliances. Roof likely needs to be replaced and dry stain ceiling remediation. Central A/C may need to be serviced or updated. Decks may need to be replaced with pressure treated wood and parts of the soffits/facia require attention. Apply fresh interior/exterior paint, deep clean, and do some landscaping and cleanup to boost the curb appeal!
• Features: Massive unique waterfront property with a dock in Alva! This 3 bedroom, 3 bathroom home features massive living area with 2,003 base sqft with an additional 2,015 sqft with the dry & finished basement, has an attached two car garage, direct water access with 100 feet along the river and 155 feet along the canal with a dock & boat lift, jacuzzi and sits on a desirable .40 acre corner lot. Being offered with huge upside potential as a profitable flip! This is an excellent waterfront deal!
• Important Details: --> 30 Day Post-Closing Occupancy with $10,000 Escrow Holdback --> House in good standing condition with full post-hurricane photos dropbox link available --> 4,018 sqft with Base Living & Finished Basement Area on Appraiser
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab