5808 Highway 98

Parker , FL 32404

$5,500,000

Status: Expired

Browse Properties

Email
Pinterest
Facebook
Twitter
Print

Property

Beds

None

Full Baths

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

PRICE REDUCED!!!! Great redevelopment piece or condo conversion with current cash flow. 84 unit brick Apartment Complex (48 - 2bed/1bath and 36 - 1/bed/1bath) located on peaceful Pitts Bayou (St. Andrews Bay) a mere 15 minutes (by boat) to the Pass and the Gulf of Mexico. Current density allows up to 20 units per acre (close to 100 future units) and the city is proposing a future density of up to 30 units per acre (close to 150 future units). Perfect location for future retirees who enjoy the water, beautiful sunsets, peaceful surroundings and a little tranquility yet like (or need) to be near ''the action''. No current height restriction but obviously limited by density. Proforma indicates that under the current density a 4-story stick constructed building (95-100 units) would yield

Features & Amenities

Interior

Bathrooms

0

Area & Lot

Property Type

E
Property Class

Commercial

Exterior

Garage

No

Financial

Sales Price

$5,500,000
Zoning

MULTI-FAMILY

Schedule a Showing

Showing scheduled successfully.

IN PERSON

VIA CHAT

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Home price($)

Home price

The price of the home you wish to purchase. This can be either the listing price or your offer price.

Down payment(%)

Down payment

The amount that you plan to put down on the home. Increasing the down payment will lower your monthly mortgage.

Interest rate(%)

Interest Rate

The percent interest on your loan. This percentage is typically influenced by the current market, as well as your financial health.

Loan term(years)

Term

The length of the loan program.

Property tax($ per month)

Property Tax

The amount of tax per month on your home.

HOA dues($ per month)

HOA Dues

Homeowners association fees. These fees may be owed in order to maintain and improve properties in the association.

Your payment

Principal and Interest:

Property taxes:

HOA dues:

Total loan payment:

Total interest amount:

Location

County

Bay

Listing Courtesy of Jeffrey E Dale , Gulfcoast Preferred Properties

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.