This is an opportunity to BUY IN TO THE REBUILD of a great property by PURCHASING A PAD FOR A "TO-BE BUILT" TOWNHOME. PLEASE READ ENTIRE DESCRIPTION: GREAT FOR Cash INVESTOR or someone willing to get in on a REBUILD of a great brand new property in a really cool development with a community pool overlooking the water, a boat dock on ole river and the beach and Flora Bama in easy walking distance. Pool was just redone and in good shape and gazebo will be rebuilt. Key Harbour was originally built in 1990 and is rent restricted to 6 month minimum. The units were wood framed townhome-style duplexes, 3 floors, with parking and storage underneath. All but a few of the duplex buildings burned in 2019 from a fire at one unit. The rebuild cost is ESTIMATED at $425K +/- for a 2 bedroom with loft (could be 3rd bdrm) and 2.5+ baths which WOULD BE PAID BY THE NEW OWNERS OF THIS PAD not the existing owners! Builder bids are being requested as of 6/29/20. All costs for rebuild would be on the new owners after closing. Location of pad is on east side within the complex. Taxes in 2019: $559.39 with homestead. Buyer to do due diligence and an agent must accompany the buyer onto property. Updated plans are in the attached documents for listing (no finishes have been approved yet). Measurements cannot be input at this time but approx 2000+/- sf total. HOA and mgmt are still in process of determining all costs associated with rebuild and above costs is estimated and could change.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
