Overview
- Updated On:
- September 11, 2024
Description
SITE PLAN APPROVED project for 126 units + retail. Close to the 3,200 unit project on NW 84th St. Benefits from the project include 75% reduction in property taxes in perpetuity, waiver of impact fees and $630,000 refund in sales tax on construction materials.
Rents in West Little River for smaller economical units are over $4.00 a sq ft right now. Professional construction estimate available. LOTS of development within a few blocks (see attachment for list of current projects in the area). Project would work for a HUD construction to perm loan. *Not in a flood zone* Brand new water and sewer lines from the county project abutting 3 sides of the property.
Project size can be reduced without site plan resubmission and can be increased up to 185 units and reapproved within 30-45 days.
- Principal and Interest
- Property Tax
- HOA fee