Ormond Enclave Apartments, a fully approved multifamily site

Investment Overview

Offered for sale is the Ormond Enclave Apartment Site, a fully approved multifamily project in Ormond Beach, FL. This 4.9 acre site has been designed for 64 apartments across 8 two-story buildings. The project has 32 two-bedroom units (940 SF) and 32 three-bedroom units (1,177 SF). All site plan approvals are in hand and you can start construction immediately. Located along N Yonge St (US Hwy 1) the site is within walking distance of Downtown Ormond Beach and its numerous restaurants, bars, shops and services. The Atlantic Ocean is just 1.5 miles away. The Ormond Enclave Apartments represents a unique opportunity to bring much needed rental housing to the downtown area.

Investment Highlights

• Fully approved multifamily site in downtown Ormond Beach, FL
• 64 apartments across 8 two-story buildings
• 32 two-bedroom & 32 three-bedroom units
• Walkable to Downtown Ormond Beach, Intracoastal River & Atlantic Ocean
• Huge demand for quality rental housing in this area
• Unique opportunity to quickly develop fully approved apartment project