Photo 1 of 1
$362,000
Sold on 4/18/19
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$2,265 |
|
On the market:
343 days
|
View full details, 15 photos, school info, and price history
Land comes with Plans, Permits, and complete Pro-Forma for an income producing 27-Unit Apartment Building (All 2 bed 2 bath floor plans). Owner/Builder is ready to build for investors. Project stands to yield a 15% IRR, a 2.15 Equity Multiple, and will cashflow after year One. Builder is open to joint venture deals or selling the land outright and being hired as builder only. Located just minutes away from Orlando International Airport, University of Central Florida, and Valencia State College. The area around this property is booming with growth, including new residential and commercial projects indicating fantastic rental opportunities. Full market analysis and data available upon request.
Listing courtesy of Alex Kontos, SAND DOLLAR REALTY GROUP INC