0 Cove Street and Jack Street | Stuart, FL 34997
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0 Cove Street and Jack Street
Stuart, FL 34997
Cove Apartments · Land For Sale · 2.31 AC
EXECUTIVE SUMMARY
Projections:
Purchase Price $1,450,000.00
Build Costs $10,600,000.00
Soft Costs $300,000.00 includes preserve buy out and Impact fees
Average rental rates 2 bedroom 2 bathroom $2,200.00
Annual Gross revenue $1,267,200.00
Projected Expenses $443,520.00
Projected NOI $823,680.00
Estimated Build Time 18 months
Projected value after build at 5.5% cap rate $15,030,545.00
Purchase Price $1,450,000.00
Build Costs $10,600,000.00
Soft Costs $300,000.00 includes preserve buy out and Impact fees
Average rental rates 2 bedroom 2 bathroom $2,200.00
Annual Gross revenue $1,267,200.00
Projected Expenses $443,520.00
Projected NOI $823,680.00
Estimated Build Time 18 months
Projected value after build at 5.5% cap rate $15,030,545.00
PROPERTY FACTS Under Contract
1 LOT AVAILABLE
Lot
| Price | $2,097,425 CAD | Lot Size | 2.31 AC |
| Price Per AC | $907,976.16 CAD |
| Price | $2,097,425 CAD |
| Price Per AC | $907,976.16 CAD |
| Lot Size | 2.31 AC |
P a y I n L i e u o f P r e s e r v e A r e a A c h e c k w i l l b e p r o v i d e d a t t h e b u i l d i n g p e r m i t s t a g e i n t h e p r o c e s s , f o r $ 1 8 0 , 0 0 0 p a i d i n l i e u o f t h e p r eserve.
PROPERTY TAXES
| Parcel Number | 51-38-41-001-174-00010-7 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $651,765 CAD |
PROPERTY TAXES
Parcel Number
51-38-41-001-174-00010-7
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$651,765 CAD
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