440 S Caroline St – Happy Home

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440 S Caroline St

Listing ID 104295225 Price $325,000 Acres 0.75 Status N/A County Volusia County Type N/A Zoning N/A

Description:

Multifamily zoned lot for development. Just 1 block from popular Nova Road. Close to Beach, colleges, airport and more. Income potential for investor/developer. Seller will include architectural design to build 11 TOWNHOMES with 24 parking spaces. Each unit has 2 bedrooms and 1 1/2 bathrooms Estimated cost to build the project it's around $1.9 million (land included), and the property value after construction and rented over $4 Million. There is huge upside potential here. Since apartments would be new, it will have a very low expenses/ maintenance and the cap rate could be very high (8.98%) Values are estimated will change according to market conditions. General description of potential project, buyer must verify all zoning and construction expenses.

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Buyer acknowledges, that Landowner, Contractor, and/or Seller (all Happy Home entities as applicable to this relationship) reserves the right to make changes and/or modifications to floor plans, specifications, materials, features, and colors without prior notice. Location, size, and construction of doors, walls, fireplaces windows, and window styles, sizes, and location as well as ceiling heights, vaults, roof types, and roof products will vary. Livable square footage and pricing will vary with choice and exterior elevation preference or choice of options and are subject to change without prior notice. All floor plans, dimensions shown, and lot square footage are approximate. Total plan square footage calculations are measured from the outside exterior walls and include interior wall partitions and are not exact. Room sizes and home square footage may vary due to normal construction tolerances. Structural Options, Elevations, and Optional features chosen by the Buyer may be included at additional costs and are not automatically approved as they are subject to construction cutoff and/or completion dates. Lot Premiums and HOA dues are additional buyer costs. Memberships and membership dues may not be included. All maps, plans, landscaping, and elevation renderings, photos, and videos are conceptual and are intended to provide an overview and do not constitute actual plans and specifications for any home, model, or spec and may show upgrades, options, features, amenities and landscaping that is not included as part of the home and may not be available. Plans may not be drawn to scale. Prices, products, and specifications are subject to change without notice. Happy Home Construction LLC and its related entities do not own or hold rights to the photographs and videos displayed on this website (the “Media”). The Media have been licensed or purchased by Happy Home Construction LLC solely for use in advertising and promotional materials on this website. Nothing contained on this website shall be construed as granting, by implication, estoppel, or otherwise, any license or right to use any of the Media displayed on this website without the prior written permission of the owner(s) of the Media. The Media may be viewed and interacted with on this website for personal, non-commercial use only. Any use of the Media beyond personal, non-commercial use, including without limitation reproduction, modification, or distribution of the Media, is strictly prohibited without prior written authorization from the owner(s) of the Media. The renderings of houses displayed on this website are artistic impressions intended for illustrative purposes only. They do not accurately depict or represent the actual houses. Prospective buyers are advised not to rely solely on the renderings and to inquire about the actual features, specifications, dimensions, and other details of the houses. Happy Home Construction LLC and its related entities provide no guarantee, warranty, or representation regarding the accuracy or completeness of the renderings displayed on this website. The actual houses may vary significantly from the renderings. The availability of the various options for the homes, including models, designs, features, finishes, fixtures, and configurations may be subject to change at any time without notice. Prospective buyers are encouraged to inquire about the current availability, pricing, and other specifics regarding the different options for the homes they are interested in.