211 N Lake Silver Drive NW

    Winter Haven, FL 33881
    • $1,500,000
    • STATUS: Active
    • ON SITE: 203 days
    • MLS #: T3108546
    UPDATED: 37 min ago
    $1,500,000
    • 0
      BEDS
    • 1.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,212
      SQFT
    • $134
      $/SQFT
    Type:
    Commercial-Lease
    Built:
    1977
    County:

    School Ratings & Info

    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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    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-12-11T15:41:54.013.
    www.lockhartteam.com/homes/83807324

    211 N Lake Silver Drive NW Winter Haven, FL 33881

    • Price: $1,500,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: T3108546
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.52
    Acres
    11,212
    SQFT
    $134
    $/SQFT
    1977
    Built
    Neighborhood:
    Winter Haven / Florence Villa
    County:
    Polk
    Area:
    Winter Haven / Florence Villa
    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.
    Exterior Features

    Construction Materials Block Door Height 8 Door Width 4 Front Footage 256 Lot Features Inside LotOut ParcelOversized LotStreet PavedWaterfront Lot Size Dimensions 253X270 Numof Bays Dock High 0 Numof Bays Grade Level 0 Other Structures MaintenanceUtility Parking Features 19 To 30 SpacesOther Roof Shingle Water Access Lake Water Access Yn Yes Water Body Name Lake Silver Meandered Water Extras Skiing Allowed Water Extras Yn Yes Water Frontage Feet Lake 253 Water View Lake Waterfront Features Lake Waterfront Feet Total 253 Waterfront Yn Yes

    Interior Features

    Ceiling Height 8 To 9 Feet Cooling Central Air Flooring CarpetCeramic Tile Freezer Space Yn No Heating CentralCentral Individual Numof Offices 0 Numof Restrooms 14 Sewer Public Sewer

    Property Features

    Additional Parcels Yn Yes Annual Expenses 20000 Business Type Mixed Community Features Activity Core/Center Condo Environment Yn No Disclosures Lead Paint Easements Ingress/Egress Electric 110 Volts Financing Terms Cash Flood Zone Code Ae Lease Term 12 Months Miscellaneous Dumpsters Miscellaneous2 FencingTrash Removal Net Operating Income 65000 New Construction Yn No Property Condition Completed Property Sub Type Mixed Use Realtor Info Brochure Available Security Features Smoke Detector(S) Special Listing Conditions None Tax Annual Amount 6965 Tax Year 2017 Total Num Buildings 2 Utilities Bb/Hs Internet CapableElectricity AvailablePhone AvailablePublic Zoning C3


    Listing information © 2018 Florida Regional MLS.
    Listing provided courtesy of Century 21 Elite Locations, Inc.



    © 2018 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2018-12-11T15:41:54.013.
     
    Lockhart & Associates Real Estate
    7001 Gulf Blvd.
    St. Pete Beach FL, 33706