GREEN COVE SPRINGS FL - LAKE ASBURY ACREAGE DEAL - ON MLS AT RETAIL, YOURS OFF-MARKET AT $400K

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2,145 SQFT 3BR/2BA PLUS FLEX ROOM ON 1.32 CLEARED UNRESTRICTED ACRES IN THE LAKE ASBURY SECTION OF GREEN COVE SPRINGS. PUBLIC WATER, NO HOA, NO CDD, BRAND NEW 2025 ROOF ALREADY ON. THE NUMBERS PURCHASE PRICE: $420,000 AS-IS VALUE PER CLOSED-COMP ANALYSIS: APPROX $470,000 RENOVATED ARV: $515,000-$580,000 ESTIMATED COSMETIC REHAB: $15,000-$30,000 ANNUAL PROPERTY TAX: $1,940 BUILT-IN EQUITY AT CLOSE: APPROX $70K BEFORE YOU LIFT A PAINTBRUSH PROPERTY DETAILS 3 BED / 2 BATH PLUS FLEX ROOM WITH PRIVATE EXTERIOR ENTRANCES 2,145 SQFT SINGLE STORY 1.32 ACRES CLEARED AND UNRESTRICTED YEAR BUILT: 1986 - CONCRETE SLAB FOUNDATION NO HOA / NO CDD PUBLIC WATER - NO WELL MAINTENANCE CENTRAL HEAT AND AIR BRAND NEW 2025 ROOF - APPROX $15K VALUE ALREADY INSTALLED PRIVATE POND PLUS CUSTOM FIRE PIT AND HANGING SWING AREA SCREENED BACK PATIO AND COVERED FRONT PORCH TWO EXTERIOR SHEDS CONVEY APPLIANCES INCLUDED: FRIDGE, RANGE, DISHWASHER, WASHER, DRYER SUBDIVISION: LAKE ASBURY THE 4/3 CONVERSION PLAY FLEX ROOM WITH ITS OWN EXTERIOR ENTRANCES IS THE UPSIDE ENGINE ON THIS DEAL CONVERT IT TO A NEW PRIMARY SUITE AND EXIT AS A 4 BED / 3 BATH A 4/3 ON 1.32 ACRES IN LAKE ASBURY EXITS AT THE TOP OF THE $550K-$580K RENOVATED RANGE SKIP THE CONVERSION AND IT STILL WORKS AS MIL SUITE, HOME OFFICE, OR SEPARATE RENTAL UNIT THE LOT SPLIT PLAY - SECOND EXIT RIGHT SIDE OF LOT IS FULLY CLEARED AND READY GO TO CLAY COUNTY, SPLIT THE ACREAGE, AND BUILD A SECOND HOME ON THE CLEARED PORTION TWO-ASSET EXIT ON A SINGLE $400K ACQUISITION WAYS TO WIN COSMETIC FLIP: IN AT $400K, $15K-$30K REFRESH, EXIT $470K-$515K RETAIL - FAST 90-DAY MONEY FULL 4/3 CONVERSION FLIP: PUSH THE EXIT TO $550K-$580K BUY AND HOLD: RENTS $2,100-$2,500/MO AS-IS - ADD THE FLEX ROOM AS SEPARATE UNIT FOR $700-$900/MO MORE - COMBINED $2,800-$3,400/MO BRRRR: STABILIZE AND REFI AT 75% LTV ON A $475K BPO = APPROX $356K CASH OUT - MOST OF YOUR CAPITAL BACK STR / EVENT PROPERTY: POND, FIRE PIT, ACREAGE, PORCH, JACKSONVILLE PROXIMITY - VERIFY CLAY COUNTY STR PERMITTING LOT SPLIT DEVELOPMENT: BUILD NEW CONSTRUCTION ON THE CLEARED PORTION WHY LAKE ASBURY WORKS 4 MIN TO RONNIE VAN ZANT PARK 5 MIN TO FIRST COAST EXPRESSWAY - DIRECT JACKSONVILLE ACCESS WINN-DIXIE SHOPPING ACROSS HENLEY LAKE ASBURY ELEMENTARY RATED 8/10 - JUNIOR HIGH RATED 7/10 30-40 MIN TO DOWNTOWN JACKSONVILLE - 45 MIN TO JAX INTERNATIONAL GROWING CLAY COUNTY MARKET WITH STRONG MILITARY/DOD DEMAND FROM NAS JACKSONVILLE HONEST DISCLOSURES - READ BEFORE YOU OFFER 1986 BUILD - HVAC AND PLUMBING AGE UNVERIFIED - INSPECT INTERIOR NEEDS COSMETIC REFRESH FOR MAX RETAIL EXIT CLAY HIGH SCHOOL RATED 5/10 - MAY AFFECT FAMILY RETAIL BUYER POOL CHAIN-LINK FENCE ON PORTION OF LOT, NOT FULL PRIVACY PRIVATE POND - VERIFY INSURANCE IMPACT SOME EXTERIOR MARKETING PHOTOS FEATURE DIGITALLY ENHANCED GRASS - WALK THE PROPERTY TO VERIFY ACTUAL CONDITION AREA HAS NON-UNIFORM HOUSING STOCK AND MIXED ACREAGE/WATERFRONT VALUES - COMP CAREFULLY AND USE CLOSED SALES TERMS PRICE: $420,000 EMD: $10,000 NON REFUNDABLE UPON ACCEPTANCE BUYER PAYS $425 TC FEE CASH OR HARD MONEY ONLY - POF REQUIRED SOLD AS-IS WHERE-IS FIRST VERIFIED POF PLUS EMD WINS IDEAL BUYER JACKSONVILLE METRO FLIPPERS COMFORTABLE WITH CLAY COUNTY BRRRR OPERATORS SEEKING SUB-$500K ACQUISITION PLUS REHAB PACKAGE RURAL FLORIDA BUY-AND-HOLD LANDLORDS MULTI-GEN FAMILY OWNER-OCCUPANTS - THE FLEX ROOM ANGLE SMALL STR OPERATORS BUILDERS AND DEVELOPERS EYEING THE LOT SPLIT CONTACT DISCLAIMER PROPERTY IS CONCURRENTLY LISTED ON THE MLS.

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