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15 Residential Rental Units

  SOLD August 2014 for $1,100,000

Wood Duck Lane & Picciola Road, Fruitland Park, Florida 34731


Building Size24,638 Square Feet
Land Size6 Acres
Units15
ZoningPUD
ElectricCity
Year Built2006
ConstructionBlock/Stucco
RoofGable/Hip, Ashpalt Shingle
SewerSeptic
ParkingDriveways
WaterCity

7% Cap Rate on existing "net operating income". History of good occupancy and steady increases in rental rates. The development (Picciola Reserve) consist of 11 lots with 8 lots developed (7 duplex buildings and 1 single family home). Constructed in 2005- 2007 by owner/contractor. The duplexes average 1,250 sf per rental unit with single car garages and the single family is 1,647 sf with 2 car garage. The 3 vacant lots not included.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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