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0 Coconut Cay Ave - Cottages At Coconut Cay 20 Units 1.99 Acres of Residential Land Offered at $3,200,000 in Stuart, FL 34997
INVESTMENT HIGHLIGHTS
- APPROVED 20 UNIT MULTI FAMILY SITE
- CONCRETE ROAD INSTALLED
- WATER DRAINAGE AND GREEN AREA COMPLETED
- ALL INFRASTRUCTURE COMPLETED
- LIFT STATION INSTALLED
- ONE UNIT & MANAGEMENT OFFICE COMPLETED
EXECUTIVE SUMMARY
Download Offering Memorandum which will illustrate the estimated site/ building cost which will yield an estimated 6% cap rate.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $3,200,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.99 AC |
| Property Type | Land | ||
| Zoning | Multi Family - Multi Family | ||
| Price | $3,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.99 AC |
| Zoning | Multi Family - Multi Family |
1 LOT AVAILABLE
Lot
| Price | $3,200,000 | Lot Size | 1.99 AC |
| Price Per AC | $1,608,040.20 |
| Price | $3,200,000 |
| Price Per AC | $1,608,040.20 |
| Lot Size | 1.99 AC |
Approved 2 acres for 20 multifamily units. All infrastructure is completed.
DESCRIPTION
Landmark Investments is proud to present Coconut Cay. Coconut Cay 20-unit site is centrally located in South Stuart just west of Mariner Sands Country Club off US1. This site is 2 acres and is ready to be developed. All infrastructure is installed including 1 completed unit and management office/ GYM. Coconut Cay has flexibility with use and exit strategy; moreover, creating HOA docs would give the opportunity of selling the units off individually. The Northwestern portion of the property is the green area/ water retention area known as the preserve area. The entrance to the property is on Morningside Drive.
PROPERTY TAXES
| Parcel Number | 36-38-41-003-000-00110-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $281,536 |
PROPERTY TAXES
Presented by
0 Coconut Cay Ave - Cottages At Coconut Cay 20 Units
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