Description
Buy as is or completed. Currently approved to develop up to 36 studio apartments or 18 1 bedrooms. Architect/engineer plans completed. Pro forma gross income $518,000 per year. Experienced owner/developer is proceeding with construction. ARV apprx $3.6 million. Pro forma gross income $518,000 per year. Super location for students from 3 colleges. The Brightline train is here. Even better if the whirlwind of development hits. Owner may consider financing or build to suit. Seller financing available with 30% down.
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