$42,500

3102 India Palm Drive

Edgewater FL, 32141

Description

Don't miss this GREAT INVESTMENT opportunity in a booming area. This offer includes 4 buildable MULTIFAMILY sites. A duplex on each site would be a total of 8 rental property incomes. With current rent values at an all time high, this is the chance to have your property create tremendous return on your investment for many years to come. These properties are being offered as a complete inclusive package. This property includes 1 multifamily site on India Palm Drive at the above list price. In addition, there are 3 multifamily buildable sites on Fern Palm for an additional $127500 or $42500 per buildable site. Plans and Specs are available for for review to build 3/2 duplex unit each side. 8 units total at $1200 per month is annual gross revenue of $115,200. A great way to retire and manage your OWN properties. All building locations are close to major shopping center, local eateries, the beaches, local schools and the new Whistle Stop Park. Additional parcel IDs included: Fern Palm Drive: Lots 6565, 6566, 6567 Blk 216 (1 duplex buildable parcel) $42,500 Fern Palm Drive: Lots 6550, 6551, 6552 & 6553 Lot 216 (2 duplex buildable parcels) $85000 See complete attached legals in Documents section.

Details

MLS#1051122
Sub-TypeResale
StatusActive
Days On Site98

Features

ZoningR4 MF
Acreage0.23

Market Activity 32141

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Area Information

StateFL
CountyVolusia
CityEdgewater
Zip Code32141
AreaVolusia
Listing VS Median (in 32141)
Price:
$42,500
low | high
Med:
$158,750
100% of Average
On Site:
98
low | high
Med:
40
100% of Average
Listing Updated: 12/05/2019
MLS Number: 1051122
Listing Provided By:
Bryan Disbrow  of  Magnolia Properties