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Land - Multi - Family
Notting Hill Townhouse Development
1401 County Road 547
Davenport, FL 33837
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- 76 Units Approved for Development
- Infrastructure in Place
- Permit Ready
- 20 Units Pre-Sold
- 38% Developer Return
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- High Growth Market of Polk County
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Price |
$2,000,000 |
Down Payment |
(100%) $2,000,000 |
Buildable SF |
287,931 |
Price per Buildable SF |
$6.95 |
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Assessor's Parcel Number |
272708727500010070 |
Zoning |
Commercial |
Taxes |
$8,800 |
Tax Year |
2006 |
Utilities |
Public |
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Notting Hill Development Site is 6.6 acres located in Davenport, Florida with roads and infrastructure in place for 76 townhomes. The Subject Property is located minutes from I-4 and close to Disney's world renowned attractions. All approvals are in place for 76 townhomes built in quadruplex style. This project also has the added flexibility and zoning for short term rentals. The current developers have built and sold 5 concrete block constructed townhome style dwellings making up 20 units at an average of $250,000 per unit. Twenty more units have been pre-sold and are ready for construction to take place. The total construction costs are estimated at $13,756,000 with project acquisition costs at $2,000,000 leading to a developer profit of $5,144,000 yielding a 38% return.
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| Listing Office:
5201 Blue Lagoon Drive Suite 100 Miami, FL 33126
Tel: (786) 522-7000
Fax: (786) 522-7010
www.marcusmillichap.com |
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| This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © Marcus & Millichap 2006 |
| (Activity ID: N0240002 Property ID: 1430609) |
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| The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Prinicpals are advised to conduct a thorough due dligigence for any potential transaction. Marcus & Millichap Real Estate Brokerage Company's name and logo are used herein for information purposes only. |
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| Copyright 2006 South Florida Land Broker, Inc. - All Rights Reserved. |
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