Seven Rivers Apartments 10931 W Tidewater Cir Immeuble residentiel 36 lots 1 889 873 € (52 496 €/Lot) Crystal River, FL 34428

This is a developer's dream that includes an additional 4.87 acre buildable vacant lot that is directly adjacent to this 36-Unit Apartment Complex that is developable for up to an additional 76 units. The address of the vacant adjacent lot is: 10850 W. Tidewater Circle, Crystal River, Florida. The 36-Unit Apartment Complex Property is heavily damaged by Hurricane Helene and needs $1,200,000 in repairs. (Licensed General Contractors Estimate is attached below in the attached documents section. The separate 4.87 acre adjacent vacant lot is buildable up to an additional 76 units. (See aerial view and you can view the adjacent lot.) The address of the adjacent lot that goes with this property has a separate address of 10850 W. Tidewater Circle, Crystal River, Florida. As you can see by the attached PDF attachment documents section below, this 36-unit apartment complex was appraised by a certified appraiser at a pre-hurricane fair-market value of $4,588,000. You can also see by the attached PDF attachment document section below a letter from the City of Crystal River, Florida that this property was deemed "NON-SUBSTANTIAL DAMAGED." Which means the complex can be completely rehabbed in its current structure. And thirdly, as you can see by the attached PDF attachment document section below that there is a certified licensed General Contractors complete cost estimate breakdown to completely rehab the entire complex, and includes an extra bonus of installing completely new roofs which is reflected in the total $1,200,000 repair costs.