$139,000
Active · 5 days on market · MLS# MFROM718664
| Lot size | 0.56 acres |
|---|---|
| Property type | Land |
| Waterfront | Yes |
| Annual taxes | $465 |
| County | Marion |
Attention investors and developers. The county allows up to 12 units, up to three stories, making this a highly attractive multifamily development opportunity. City water and sewer will be required. Strong rental demand in the area. Average rents for 2-bedroom, 2-bath units are approximately $1,500 per month. At full capacity, 12 units could generate around $18,000 per month, or approximately $216,000 annually in gross rental income. Excellent potential for cash flow and long-term appreciation in a growing market. Ideal project for investors seeking high-return multifamily development.
Listing courtesy of Cristina Osorio Norena, EXP REALTY LLC. Presented by MC Homes Realty Inc · 727432218.