Description
Riverfront multi family! Income/Expense sheet is in the picts. Run the numbers, this property floats itself and provides a cash flow until future development for Riverfront condos. Very unique and one of a kind opportunity to do that, considering a vacant developable million-dollar Riverfront parcel will cost about 60K annually for carrying costs.Owner will hold financing. Over 1 1/3 acres directly on the river while also fronting on Canal! Eight 2 bedroom 1 bath concrete block apartments on the site. Also, four boat docks on canal and 150 foot boat dock on River. Directly across the street is 40 acres owned by Lee County as conservation land. Current density if this were a vacant parcel would be over 20 units that can be built on this Riverfront site.
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16BEDS
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1.29ACRES
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8BATHS
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01/2 BATHS
School Ratings & Info
Description
Riverfront multi family! Income/Expense sheet is in the picts. Run the numbers, this property floats itself and provides a cash flow until future development for Riverfront condos. Very unique and one of a kind opportunity to do that, considering a vacant developable million-dollar Riverfront parcel will cost about 60K annually for carrying costs.Owner will hold financing. Over 1 1/3 acres directly on the river while also fronting on Canal! Eight 2 bedroom 1 bath concrete block apartments on the site. Also, four boat docks on canal and 150 foot boat dock on River. Directly across the street is 40 acres owned by Lee County as conservation land. Current density if this were a vacant parcel would be over 20 units that can be built on this Riverfront site.
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