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3643 E University Ave - 3 Parcels on E University Avenue 11.18 Acres of Residential Land Offered at $1,395,000 in Gainesville, FL 32641
INVESTMENT HIGHLIGHTS
- MULTI FAMILY LAND NEAR UNIVERSITY OF FLORIDA
- ON MAIN DIVIDED HIGHWAY
- 11.18 ACRES - +/-134 CONDOS
EXECUTIVE SUMMARY
Very Good location on divided highway not far from University of Florida.
Multi family zoned land in good location is being sold for $16,000-$18,000 per unit with water & sewer to the site.
Therefore, 134 units @ $16,000 is $2,144,000. Water connection cost will be nominal. Sewer however is estimated at $400K
Therefore the sales price and sewer cost is $1,795,000.($13,395 per unit)
Multi family zoned land in good location is being sold for $16,000-$18,000 per unit with water & sewer to the site.
Therefore, 134 units @ $16,000 is $2,144,000. Water connection cost will be nominal. Sewer however is estimated at $400K
Therefore the sales price and sewer cost is $1,795,000.($13,395 per unit)
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,395,000 | Lot Size | 11.18 AC |
| Price Per AC | $124,776.39 |
| Price | $1,395,000 |
| Price Per AC | $124,776.39 |
| Lot Size | 11.18 AC |
11.18 Acres Zoned Multi Family. Water Connection is nearby. Sewer is not. Engineer estimates +/- 134 Condo Units can be developed.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $78,100 | Total Assessment | $78,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,100
Improvements Assessment
$0
Total Assessment
$78,100
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3643 E University Ave - 3 Parcels on E University Avenue
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