15 Residential Rental Units
SOLD August 2014 for $1,100,000
Wood Duck Lane & Picciola Road, Fruitland Park, Florida 34731
| Building Size | 24,638 Square Feet |
| Land Size | 6 Acres |
| Units | 15 |
| Zoning | PUD |
| Electric | City |
| Year Built | 2006 |
| Construction | Block/Stucco |
| Roof | Gable/Hip, Ashpalt Shingle |
| Sewer | Septic |
| Parking | Driveways |
| Water | City |
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.
Agent
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Office Phone: (352) 787-6966Mobile: (352) 408-0190
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.