Distressed Plant Nursery | EquityPro
84
45.66% Estimated APY
$117,500 Investor Price
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Distressed Plant Nursery

0 bed / 0 bath22,656 sq ft Built in 2002Agricultural Business
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39717 Forest Dr, Eustis, FL 32736
84
Occupancy Status
Low High
19/20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This opportunity has great potential. Property consists of 4.9 acres that is fully fenced with 9 greenhouses that include benches, heaters, fans and irrigation system including a 4" well. Total greenhouse space is 22,600 square feet plus there is additional space for growing plants outside. Property also has an office building, storage building and a soil ben. Seller is retiring and this property is ready for new owner. The area is experiencing lots of residential and commercial growth due to the 429 project and will need lots of landscape plants available which creates a great potential for wholesaling plants to these projects. Other potential uses can be found in the top five ridiculously profitable plants to grow (https://www.rimolgreenhouses.com/blog/entry/5-ridiculously-profitable-pl...) are Ginseng, gourmet mushrooms, bamboo, herbs and you guessed it medicinal marijuana. Don't miss out on this great opportunity and contact your EquityPro Advisor today!

We recommend rent
Rental Income
$18,750 mo. / $225,000 yr.
Investor Price
$117,500
Closing Costs to Buy
$3,000
Rehab Projection
$35,000
Property Insurance
$2,500 / yr.
Estimated Taxes
$1,500 / yr.
Property Management
$150,000 / yr.
Maintenance
$0 / yr.
HOA Dues
$0 / yr.
$71,000
Projected Income
45.66%
Estimated APY
After Repair Value
$225,000
Investor Price
$117,500
Closing Costs to Buy
$3,000
Rehab Projection
$35,000
Closing Costs to Sell
$4,000
Listing Agent Commission
$6,750
$58,750
Total Projected Profit
35.34%
Estimated ROI

Comps

Listed
Pending
Sold
4061 Plymouth Sorrento Rd, Apopka, FL $550,000
1770 W Plymouth Ave, Deland, FL $900,000
Flip Rehab Details
Grounds
Other
$10,000.00
Clearing Land
Exterior
Roof
$5,000.00
Office only front section needs to be repaired
Roof
$2,000.00
Greenhouses covering need to be cleaned
Systems
Electrical
$3,000.00
All items will need an inspection with some repairs.
Interior
Other
$15,000.00
Business Start Up Costs
Rent Rehab Details
Grounds
Other
$10,000.00
Clearing land
Exterior
Roof
$5,000.00
Office Building - only front section needs to be repaired
Roof
$2,000.00
Greenhouses covers need to be cleaned not replaced
Systems
Electrical
$3,000.00
All items will need an inspection with some repairs.
Interior
Other
$15,000.00
Business Start Up