Bought with Central Coast Realty
$215,000
$229,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/23/2020
Key Details
Sold Price $215,000
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Sold
Purchase Type For Sale
Subdivision Silver Lake Park Addition
MLS Listing ID RX-10622700
Sold Date 10/23/20
HOA Y/N No
Abv Grd Liv Area 5
Annual Tax Amount $2,395
Tax Year 2019
Property Description
Approximately 3.7 acres of multi-family land zoned RM-11. 11 units per acre. Potential for 40 units. There is an excellent demand for rental properties in St. Lucie County and this is a good rental area. Also potential to add more land via abandonment of Duban Terrace Right of Way. Consists of 21 platted lots fronting Mura Drive, King Orange Drive(block of 18 lots) and South 7th St(3 lots). County has recently created a new Municipal Service Benefit Unit(MSBU) for this area. This will bring municipal water to serve this property. Ownership has signed up for 11 ERC's and has been assured by the county that additional ERC's are available if buyer goes for max density. Preliminary estimate is $5,000 per multifamily unit for water assessment.
Location
State FL
County St. Lucie
Area 7140
Zoning Multi family
Exterior
Utilities Available None
Waterfront No
Exposure West
Building
Lot Description 3 to < 5 Acres, Corner Lot, Paved Road
Story 250.00
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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