3102-3104 India Palm Dr, Edgewater, 32141

REDUCED 75% Vacant Land - Multi-Family Land For Sale in Florida Shores


MLS® #: 1061730

Don't miss this GREAT INVESTMENT opportunity in a booming area. This offer includes 4 buildable MULTIFAMILY sites. A duplex on each site would be a total of 8 rental property incomes. With current rent values at an all time high, this is the chance to have your property create tremendous return on your investment for many years to come. These properties are being offered as a complete pkg. Potential building plans are available for review upon request. This property includes 1 multifamily site on India Palm Drive and 3 multifamily lots on Fern Palm, each priced at $42500. All locations are close to major shopping center, local eateries, the beaches, local schools and the new Whistle Stop Park.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 unit per yr and gross income for all 8 units would be $115,200 annual income.

Essential Information

MLS® #: 1061730
Price: $42,500
Square Footage: 10,000
Acres: 0.23
Type: Vacant Land
Sub-Type: Multi-Family Land
Status: Active

Community Information

Address: 3102-3104 India Palm Dr
Area: 80 - Edgewater
Subdivision: Florida Shores
City: Edgewater
County: Volusia
State: FL
Zip Code: 32141


Features: Duplex Lot
Is Waterfront: Yes
Waterfront: None


Lot Description: 80 x 125

Additional Information

Zoning: R

Listing Details

Listing Office: Magnolia Properties


$/SqFt: $4

© 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.