Property Overview
Price/Rent PSF $ 208,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 160,553
Date Available 05/30/2019
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Description

Location
Wentworth Village provides an excellent opportunity to own and develop in Englewood, Florida. This 3.69 acre site has been approved for the development of 16 multi-family units and should be an easy sell to commuters and families due to its location halfway between the Sarasota and Fort Myers markets. The Englewood and North Port areas have experienced significant growth over the past few years and with populations expected to double over the next 20 years, the long-term outlook in this market is very strong.

Sale
The combination of an ideal location, a need for multi-family housing in this area and pre-approval of 16-units position this property to be an attractive offer for anyone. With construction plans already in place, this project allows for a quick development and sale to the large market of multi-family investors. It also provides a great opportunity for investors looking for income-producing assets to get in on the ground floor, develop and hold. The growth projections of this location should allow this property to experience overall value growth while producing income for years into the future.

Location