8240-8260 Island Village Cir, St James, FL 33956, Saint James City, FL 33956

Call 239-659-2000 - We apologize for this inconvenience… CREXI NO LONGER SUPPORTS CLICKABLE PHONE CALLING YOU HAVE TO MANUALLY ENTER THEM. New Construction. Twenty four (24) Units New Construction, pad ready, stubbed, pre-planned, and permitted multifamily building in a resort style development. Buy this cul-de-sac that is ready to build six quadplex which includes 24 units for $13,000,000 in this new development on Pine Island, FL. The total complex fully built will have 480 units with many natural amenities. Each cul-de-sac has six pads with four units per pad and each unit is 1,380 SF for a total of 5,516 SF per building. The proforma cap rate is 7.34% based on daily vacation rentals of $275 per unit. The location is wonderful for Long Term, Seasonal, and Vacation Rentals. The need for housing on Pine Island and Southwest Florida is strong. Nestled on the southern portion of Pine Island, Saint James City offers residents all the charm of a small town paired with the laid-back vibe of an Old Florida beach community. Saint James City’s many nature preserves lend the community an overall unspoiled feel, hidden away from the stresses of modern-day living. The lush surroundings also provide plenty of opportunities for outdoor activities such as fishing, boating, kayaking, hiking, biking, bird-watching, and more. Bring your investment and capitalize on the opportunities while helping others at the same time. | Hurricane Ready