211 N. Lake Silver Dr. NW, Winter Haven, FL

Others for Sale - $1,500,000 - 11,282 Sq. Ft. on 1.52 acres


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Agent Info

NameRUDDY HOSTIA
CompanyCENTURY 21 Elite Locations, Inc.

Property Info

CIMLS #1013658
Location211 N. Lake Silver Dr. NW
Winter Haven FL 33881
Last UpdatedNovember 2nd, 2018
TypeOthers
Price$1,500,000
Building11,282 Sq. Ft.
Land1.52 acres
DemographicsView data

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Property Description

Tremendous opportunity to own income producing property with future development opportunities. The property currently consists of 12 two-story two (2) bedroom apartment units. According to the land use, the property allows for up to 49 units. The future land use has this property located in a "Primary Activity Center" use in the 2025 map. This future land use allows 40 units per acre. It also allows for mixed uses so retail or office could be built on the front end of the parcel. The parcel already has an over-sized paved lot, it would appear that an additional 15 units could be added without affecting the existing spaces. At a land price per unit of 28,333 this additional land has been valued at $425,000, we believe the new rent rate would exceed that of existing units.


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