Residential Property - Single Family Residence in Alva
Listing Price: $399,000 (Mortgage Calculator →)
Description of Property
Investor opportunity Pad Split home fully occupied at approximately $4,000 month rental Income, with current rental income below its full potential. When you evaluate the Investor ROI on this opportunity, it Stands Out as an incredible investment to plug and play and generate solid cash flow. This property sits on a spacious lot and offers multiple paths for value—renovate, hold, or reposition as a rental. There’s room to improve the existing structure and potentially add additional living space to increase income. Located in a quiet area with convenient access to parks, schools, and major roadways, making it appealing for both long-term tenants and short-term rental use. The lot size and setting provide flexibility to create a more desirable outdoor space for future occupants or guests.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Alva
County: Lee
Subdivision: Yerkes Greig W
Bedrooms: 8
Bathrooms: 2
Sq. Ft. Gross: 2,084
Sq. Ft. Living Area: 2,084
Cost per (heated) sqare foot: $191
Year built: 1973
Annual Tax: $4,063
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: None
Flooring: Tile
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Ranch
Construction: Stucco
Foundation: Other
Roof: Shingle
Exterior Features: Other
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.31
Lot Size (sq. ft.): 13,329 square feet
Lot Dimensions: 101 x 141
Front Exposure: West
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 2243260300004.009B
Zoning: RS-2
Tax Legal Desc.: IDALIA ANNEX BLK 4 PB 3 PG 44 PT LOT 9 THE S 100.85 FT
Section: 22
Range: 26E
Listing courtesy of REALTY ONE GROUP MVP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.