$59,800

0 Fern Palm Drive

Edgewater FL, 32141

Description

INVESTOR ALERT! Multi-family duplex lots available side by side on Quiet area of Fern Palm Drive. A total of 2 duplexes or 4 units can be built on this 160 x 100 site. In addition to these 2 buildable duplex sites, there is an additional 3 (120 x 100) lots on same street just to the N available with same zoning priced at $29900. This would be a perfect site for a duplex with additional lot (40 ft) allowing for substantial parking or garage spaces. These lots are being sold in conjunction with duplex site at 3102 India Palm Drive, Edgewater as a package deal. That parcel is also $29900. Approved Plans and Specs available for building 3/2 each side duplex units. With all four sites one could build a total of 8 dwellings allowing for superior rental income of approx. $1200 per month or $14400 per unit per yr and gross income for all 8 units would be $115,200 annual income. All building locations are close to major shopping center, local eateries, the beaches, local schools and the new Whistle Stop Park. Lots included are as follows: Fern Palm Drive: Lots 6550, 6551, 6552 & 6553 Lot 216 (2 duplex buildable parcels), Fern Palm Drive: Lots 6565, 6566, 6567 Blk 216 (1 duplex buildable parcel w/ extra lot)) India Palm info see Listing #1051122 See complete legals in Documents section.

Details

MLS#1052666
Sub-TypeResale
StatusActive
Days On Site59

Features

ZoningR4
Acreage0.37

Market Activity 32141

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Area Information

StateFL
CountyVolusia
CityEdgewater
Zip Code32141
AreaVolusia
Listing VS Median (in 32141)
Price:
$59,800
low | high
Med:
$158,500
100% of Average
On Site:
59
low | high
Med:
60
98.333333333333% of Average
Listing Updated: 12/09/2019
MLS Number: 1052666
Listing Provided By:
Bryan Disbrow  of  Magnolia Properties