Fern Palm Dr

$85,000, 16,000 Sqft .37 Acres

About This Property

INVESTOR ALERT! Multi-family duplex lots available side by side on Quiet area of Fern Palm Drive. A total of 2 duplexes or 4 units can be built on this 160 x 100 site. In addition to these 2 buildable duplex sites, there is an additional 3 lots on same street just to the N available with same zoning priced at $42,500. This would be a perfect site for a duplex with additional lot (40 ft) allowing for substantial parking or garage spaces. These lots are being sold in conjunction with duplex site at 3102 India Palm Drive, Edgewater as a package deal. That parcel is also $42,500. Approved Plans and Specs available for building 3/2 each side duplex units. With all four sites one could build a total of 8 dwellings allowing for superior rental income of approx. $1200 per month or $14400 per unitper yr and gross income for all 8 units would be $115,200 annual income. All building locations are close to major shopping center, local eateries, the beaches, local schools and the new Whistle Stop Park. Lots included are as follows: Fern Palm Drive: Lots 6550, 6551, 6552 & 6553 Lot 216 (2 duplex buildable parcels), Fern Palm Drive: Lots 6565, 6566, 6567 Blk 216 (1 duplex buildable parcel w/ extra lot)) India Palm info see Listing #1051122 See complete legals in Documents section.

Essential Information

MLS® #1063260
Price$85,000
Square Footage16,000
Acres0.37
TypeVacant Land
Sub-TypeMulti-Family Land
StatusActive

Community Information

AddressFern Palm Dr
Area80 - Edgewater
SubdivisionFlorida Shores
CityEdgewater
CountyVolusia
StateFL
Zip Code32141

Amenities

Features1/2 - 1, Duplex Lot

Exterior

Lot Description160 x 100

Additional Information

ZoningR4 MF

Listing Details

OfficeMagnolia Properties

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© 2019 Daytona Beach Area Association of REALTORS®

Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.

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