Old Berkley Road & Gapway Road

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Old Berkley Road & Gapway Road

Auburndale, FL 33823
Asking Price
$12.00M
Asset Type
Residential Land
Class
Class B

What's Special

Land | 63.48 acres <ul><li>​Four parcels totaling approximately 64 acres</li><li>​Zoning: Medium Residential</li><li>​FLU: Lakes District</li><li>​Utilities all adjacent to site</li><li>​Underlying allowance of 6 DU/Acre</li><li>​Over 1,500 feet of lakefront property on Lake Juliana.</li><li>​Located near Interstate-4 & County Road 559</li><li>​Few Lakefront development sites in Auburndale</li><li>​Transfer of Density Rights permitted</li></ul>

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NOI
$80,000
Cap Rate
0.67%
DSCR
0.11
Underwater
Cash-on-Cash
-17.57%
Monthly Payment
$59,369.453
Annual Cash Flow
$-632,433.431

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