Property Description
MULTI-FAMILY OPPORTUNITY IN THE HEART OF BUSHNELL. The land is here. The zoning is in place. And the Seller has already put more than a little thought into what comes next. This 1.68 acre property in the City of Bushnell offers a multifamily development opportunity with an owner-proposed 26-unit apartment project consisting of two 10-unit buildings and one six-unit building, preliminary building engineering plans, and existing seller due diligence available to pass along to the next owner. Located on E C 48 with approximately 210 feet of paved road frontage, the property carries Multifamily High Density Future Land Use and RMF-15 zoning, allowing up to 15 dwelling units per gross acre, subject to applicable development requirements and approvals. The owners proposed 26-unit count requires independent verification and City confirmation. All four adjoining tax parcels convey together as one offering. The available building plans feature a two-story design with three-bedroom, two-bathroom apartments offering approximately 1,351 square feet of living area per unit, plus front and rear porches. Open kitchen and living spaces, an inside laundry area, and a primary suite with a private bathroom and walk-in closet which give the proposed apartments a practical layout with room to live and a desirable floor plan. For buyers looking at the income potential, the listing broker estimates monthly rent of approximately $1,850 per three-bedroom unit, based on current rental data, with lawn care, pest control, refuse service, and parking included. If 26 units are approved, constructed, and fully occupied at the projected rent, that would represent approximately $577,200 in annual scheduled gross rent before vacancy, operating expenses, and debt service. These are projections for buyer evaluation, not existing income or guaranteed results. Utility connection routes have been identified. City water would require a bore beneath E C 48, and a gas main runs along the southern property line. The buyer would be responsible for extending the sewer connection along the western side of the property to the sewer line on Dr. Martin Luther King Jr. Avenue/Seminole Avenue. Close to downtown Bushnell, local services, and everyday conveniences, with access to US 301 and I-75, this location brings the project into an established community while keeping the broader Central Florida market within reach. Bushnell is still a town with its own identity, and additional housing can be part of its next chapter. Proximity to The Villages employment base is 20 mins away. With Tampa and Orlando roughly 1 hour away. The seller will provide existing engineering plans and completed due-diligence materials that may be of benefit to a future buyer. Buyers should confirm achievable unit count, the details of their intended development, utility connections, site requirements, and approval status with the City of Bushnell. Conceptual rendering provided for an idea of what a proposed building layout could be, not meant as a guarantee of City approval. For more details or questions please call today.