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- LoopNet Team
211 N Lake Silver Dr NW
Winter Haven, FL 33881
Multifamily Property For Sale
·
14 Units
PROPERTY FACTS
| No. Units | 14 | Building Size | 11,212 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1977 |
| Building Class | C | Parking Ratio | 2.58/1,000 SF |
| Lot Size | 1.68 AC | ||
| Zoning | R-3, Winter Haven - Great opportunity to own this lake front income producing property with future development opportunities. Great cash flowing property in Winter Haven. | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 11,212 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 2.58/1,000 SF |
| Zoning | R-3, Winter Haven - Great opportunity to own this lake front income producing property with future development opportunities. Great cash flowing property in Winter Haven. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
ABOUT 211 N LAKE SILVER DR NW , WINTER HAVEN, FL 33881
Tremendous opportunity to own income producing property with future development opportunities. The property currently consists of 12 two-story two (2) bedroom apartment units. According to the land use, the property allows for up to 49 units. The future land use has this property located in a "Primary Activity Center" use in the 2025 map. This future land use allows 40 units per acre. It also allows for mixed uses so retail or office could be built on the front end of the parcel. The parcel already has an over-sized paved lot, it would appear that an additional 15 units could be added without affecting the existing spaces. At a land price per unit of 28,333 this additional land has been valued at $425,000, we believe the new rent rate would exceed that of existing units.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | - | 700 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $610,472 | |
| Land Assessment | $164,606 | Total Assessment | $1,314,111 |
PROPERTY TAXES
