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26808777
26808778

1511 Russell Ave, Eustis, FL 32726

MW
Bk3106449
Sloane Realty
Listed by Sloane Realty
$199,000
276 days on market
Updated 100 days ago
Opportunity zone

Potential for 19 Units - "UR" Urban Residential Zoning

Details
APN 12-19-26-3100-00F-00000
Property Type Land, Multifamily
Sub Type Apartment Building, Residential (+1)
Units 19
Broker Co-Op Yes
Acreage 1.650
Investment Type Redevelopment
Ownership Fee Simple

Land | 1.65 acres, Urban Residential (UR) Zoning allows 12 units per acre

Marketing description

**12 units Per Acre may be possible**1.65 Acres offering Urban Residential (UR) Zoning. Prime Location – Near Downtown Core. The UR (Urban Residential) zoning designation is designed to support higher-density housing options close to the heart of the city, making it ideal for modern residential development.

Permitted Uses include: Multi-Family Communities, Single-Family Detached Homes, Single-Family Attached (Duplex, Rowhouse, Townhome), Group Homes (up to 6 residents), Child Daycare Centers & Nursery Schools

Development Standards:

Maximum Density: 12 units per acre

Maximum Height:

• 35’ – Single-Family

• 45’ – Multi-Family

Incentives & Density Bonuses:

Developers can unlock 5–15% additional density by incorporating:

Affordable Housing

• At least 20% of units affordable to households earning <80% of the Orlando MSA median income

• Or at least 50% of units affordable to households earning <120% of the Orlando MSA median income

Green Building & Energy Efficiency

• Additional bonuses available for sustainable design and certification

Manufactured Housing Provisions:

Residential units manufactured off-site are permitted if they:

Meet all federal & state construction standards

Are permanently attached to foundations

Comply with all lot, yard, and land development regulations

Listing Contacts

MW
Bk3106449
Sloane Realty
Listed by Sloane Realty

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