10906 DIXON DRIVE
About This Property
Discover a rare opportunity to own over 3 acres in the heart of Riverview with no HOA and no CDD. This secluded property is set back from the road, offering privacy while remaining minutes from US-301, Big Bend Road, I-75, shopping, dining, and entertainment.
This property offers exceptional land value and flexibility. Buyers should note that the existing structures may require cash or alternative financing, as they may not qualify for conventional loan programs. Buyers are encouraged to conduct their own due diligence.
This is one of the largest single-family parcels currently available in Riverview. Zoning allows for one residence for each acre, creating options for a custom estate, a multi-generational setup, or future development, subject to county approvals. Large parcels like this are increasingly rare in this area.
The main home includes 3 bedrooms, 2 bathroom, and a pool, and is positioned far back from the road for added privacy. A detached 1 bedroom, 1 bathroom casita offers renovation potential and may be suitable for extended family, guest quarters, or additional living space.
The expansive acreage provides room for additional structures, gardens, workshops, or outdoor amenities. Mature trees and natural landscaping create a private, park-like setting.
This property presents a unique opportunity to secure acreage, privacy, and long-term potential in one of Tampa Bay's fastest-growing communities. Zoning is agricultural conventional.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Riverview
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017