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1900 Oasis Blvd - Oasis Townhomes and Development Site 4.5 Acres of Residential Land Offered at $1,699,900 in Sebring, FL 33870

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INVESTMENT HIGHLIGHTS

  • This is a townhome or apartment rental development site
  • the 2.55 acres next door that is approved for 31 more townhomes is also for sale for $ 399,000 1877 Arbuckle Creek Rd. Sebring, Fl. 33870
  • Currently 3 units developed with occupancy permits, and a plan for 19 additional units to be built
  • These units are also for sale individually for $569,900

EXECUTIVE SUMMARY

Quiet and peaceful lakefront property on a beautiful sandy beach. Currently there are 3 three-story units with walkout basements and screened porches, 3 living areas, 4 bedrooms, 3 1/2 baths, 20 foot ceilings, and awesome views of Dinner Lake completed. Improvements on the property include roads, city utilities, underground electric, irrigation, privacy walls, lift stations, landscaping, basement in for next 3 units. Each of these finished units are worth $569,000 each and a potential buyer could get all their money back immediately if they sold them. This is a no brainer. Sell the 3 units and get most of your money back! This property is set for 22 total units and covers roughly 2.2 acres of beautiful sandy beach lakefront. The plans are drawn for the next 17 units to be built. The current owner is in his 70's and is ready to retire. This property has unbelievable profit potential because the infrastructure is already in and paid for! The townhome documents and Association Corporation are formed, approved by the state and already in progress. All of the preliminary steps have been taken for the savvy investor. All you have to do is build the townhomes, and rake in the profits!
Call Terry now at {863}382-2221.

PROPERTY FACTS

Price $1,699,900
Sale Type Investment
Sale Condition 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Apartment Units - Condo
Total Lot Size 4.50 AC
No. Stories 3
Zoning R3 - For 53 townhomes or apartments.

1 LOT AVAILABLE

Lot

Price $1,699,900
Price Per AC $377,755.56
Lot Size 4.50 AC

Top construction materials used. 60 year metal roof, PGT low E hurricane windows, top notch granite, waterproof vinyl flooring. Beautiful lakefront views of the 420 acre all sports lake. 4.5 acres +/- with 3 premier units complete and ready to sell.

DESCRIPTION

This is an approved townhome project for up to 53 total units. Included in this purchase are 3 finished townhomes with occupancy permits, worth $569,000. each. This is a 370 acre all sports lake that is a sandy bottom 30 ft. deep lake. the views and sunsets are breathtaking. The lake is also a great fishing lake. This is a desirable deep sandy bottom lake with some homes over 1 million dollars. There is a $100,000 lift station. An irrigation system that will handle the entire acreage. There is a security wall, roads, utilities in, occupancy permits are in place for the finished 3 units. The basements are in for the next 3 units. There is over 400 feet of lake frontage on 4.5 acres +/-. The assessed valuation on these 2 properties is over 1.6 million. This project is an investment NO BRAINER ! You can sell these 3 finished units and get most of your investment back immediately. What are you waiting for? Call Terry now at {863} 382-2221

  • Listing ID: 31535096

  • Date on Market: 12/14/2023

  • Last Updated:

  • Address: 1900 Oasis Blvd, Sebring, FL 33870

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