8260 Angel Moss Ct St. JamesSaint James City, FL 33956

Property Details for 8260 Angel Moss Ct St. James

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional Class A, 4-unit multifamily building presents a compelling investment opportunity in the desirable Saint James City, Florida. Currently under construction, this new 3-story building boasts a total of 5,516 square feet, situated on a 2,808 square foot lot. Each of the four units offers 1,380 square feet of living space, featuring three bedrooms and two bathrooms. The property is zoned for multifamily use and is part of a larger development planned to include 480 units and extensive natural amenities. The projected pro-forma cap rate is an attractive 13.14%, based on daily vacation rental projections of $275 per unit. This translates to a substantial pro-forma NOI of $289,000. The asking price is $2,200,000, or $550,000 per unit. This location in Saint James City offers a unique blend of small-town charm and access to outdoor activities, making it ideal for long-term, seasonal, and vacation rentals. The strong demand for housing in this area of Southwest Florida presents a significant upside potential. The property is pad-ready, stubbed, pre-planned, and permitted, streamlining the development process. While information is believed to be accurate, due diligence is recommended. Creative financing options, including 1031 exchanges, are considered.

Location Insight

City

Saint James City

County

Lee

State

Florida

Latitude

26.5816

Longitude

-82.1091

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