Overview

  • New Construction
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 1152
  • 2022
  • Year Built

Description

Nadlan Invest is Proud to Present – New Construction – Build to Rent – in Lake Placid Florida

Investment Highlights

  • 3 Bedrooms, 2 Bath
  • 1152 Square Foot
  • For New Built – You Purchase the Lot Which is Registered Under Your Name
  • Financing Might be Available for Ready Made Houses – Pay the down payment on the contract, and the rest finance when the house is ready
  • Current Rents: $1650/Month
  • Expected Expenses: Property Tax: $1800/Year, Insurance: $1200/Year, Optional Management: 10% with no rental fee (No need to pay first month to assign a tenant)
  • City Water
  • PAVED ROAD!
  • Sepic
  • Any requested upgrades will increase the final price
  • We work directly with the contractor and control the entire field operation and the labor force
  • The contractor operates in South Florida for more than 20 years and has plenty of experience
  • The contractor is fully insured and covers the entire cost of the house up to $1M
  • The operation team live in Florida and are local to the area.
  • Property Management on Board (If needed)
  • Build time is approximately 6 to 8 months, and we can pay the rent to the buyer on delays.
  • You pay as development progress.

Available Houses

We are excited to say that we have 3 ready-made properties for immediate sale

  1. 114 Launch Rd NW, Lake Placid, FL 33852
  2. 326 Roosevelt Ave NE, Lake Placid, FL 33852
  3. 107 Elba Dr NE, Lake Placid, FL 33852

Nadlan Invest Build to Rent Model

Layout & Interior

Floor Plan

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Location

  • Between Lake June to Lake Placid, Florida
  • This location is known for houses built for homeowners, and there is a lack of rents in that area (low inventory of houses)
  • New homes ready for rent has a very high demand
  • The area is quiet and safe – our location is the better area and more populated than Lake Placid
  • Currently, the percentage of homeowners is dramatically higher than the number of houses for rent, which reflects the stability of the market.
  • There is a major deficit of houses for rent, and we enter this vacuum to fill up the gap.
  • The houses are surrounded by beautiful lakes as can be seen on the map below

Lots Addresses

  • 107 Elba dr Ne (Almost Ready)
  • 114 launch Rd Nw (Almost Ready)
  • 326 Roosevelt Ave Ne (Almost Ready)
  • 323 Hoover Ave NE (4 lots)
  • 331 lake Groves Rd Ne
  • 220 colt pl Nw. it’s. (4 lots)
  • 533 Embracer st Nw
  • 535 Embracer st Nw
  • 312 dry Tortugas st Ne
  • Lake placid 33852
  • 301 wildcat nw. (Sold)
  • 326 Cape Rd nw. (Sold)
  • 102 Elba dr Ne (Sold)
  • 104 Elba dr Ne (Sold)
  • 106 Elba dr Ne (Sold)
  • 110 Elba dr Ne. (Sold)

Target Audience

  • Locals and snow beards – people coming from the cold areas of NY, Canada etc. and that are willing to rent for 6 months and keep a yearly rent
  • This area is usually 250% overbooked in the summer as for rents
  • There are local schools and kinder garden and they are being developed as more population migrate in
  • The local population likes the country style and fishing boats

High-End Materials

Specifications

CMU Walls

Furnish and install CMU walls with all associated U lintels, metal reinforcement, and concrete as
per plans

ROOF TRUSSES

Furnish and install roof wood trusses and 1/2″ plywood roof sheathing as per plans, complete
with 2″ x 6″ SYP

WINDOWS & DOORS

Furnish and install a non-impact six-panel door with lever handle lockset, Builders grade

WALL PLASTERING

  • Furnish and install soffit vents and textured cement coating finish as per plans. No raised bands
    included

ROOF

  • Furnish and install non-energy star-colored Architectural shingles with ridge vents.

EXTERIOR PAINT

  • Furnish and apply one coat of new stucco primer and two coats of finish paint to the body of the
    house utilizing one color and one color for all fascia and exterior door finish

CONCRETE DRIVEWAY

  • Form and pour concrete driveway in accordance with the plans utilizing a broom finish.

MECHANICAL

  • Furnish and install a fully complete mechanical system complete with flexible R-6 ducts as supply
    trunk lines and rigid ducts as distribution boxes with vents, two bathroom exhaust vents and
    laundry exhaust vent
  • Furnish and install new 2.0 Ton, 15 Seer, Daikin split system with a 8 KW electric Heater

ELECTRICAL

  • Furnish and install new 200 Amp Panel connected to Underground Meter Hub as supplied by
    Utility Company. (Owner to pay for all connection fees, not included in Contract)
  • Furnish and install a complete interior and exterior wiring as per approved plans complete with
    smoke detectors, and exterior GFCI (3 each.)
  • BNB will supply decora-type switches and outlets (no dimmer switches included).
  • Furnish and install four 52″ (white ceiling fans complete with light, $80 Hampton Bay or equal) as
    per plan
  • Furnish and install RG-6 coaxial cable at each TV outlet as shown on the plans.

PLUMBING

  • Furnish and install a complete plumbing system as per plans.
  • Furnish and install one new standard white bathtub with porcelain finish complete with new
    tub/shower valve (Builders Grade, $60), brush nickel finish,
  • Furnish and install new shower liner complete with new shower valve with shower head in the
    master bathroom.
  • Furnish and install new 40 Gallon Low-Boy water heater.
  • Furnish and install new 40 Gallon Low-Boy water heater.
  • Furnish and install two new two piece toilet (Builders grade, $105).
  • Furnish and install two new white porcelain lavatory sink with lever arm brush nickel faucets, new
    double steel kitchen sink complete with single-arm faucet with spray hose.
  • Furnish and install two new hose bibs as per plans.
  • All sewer piping to be PVC and water distribution to be PEX piping, CPVC or as determined by
    BNB.

INTERIOR FINISHES

PARTITION WALLS/CEILINGS

  • Furnish and install new partition walls as per plans spaced 16″ o.c.
  • Furnish and install all insulation (R-30 Ceiling), (R5.1 Exterior Block Walls).
  • Furnish and install new 5/8” drywall on all ceilings and new ½” drywall on all interior partition
    walls, all bathrooms will feature cement boards within the wet areas and mold resistant boards on
    the surrounding walls. Mold-resistant drywall will be installed at all plumbing pipe protrusions
    such as kitchens and laundry rooms and AC closets.
  • All drywall to be taped, spackled ready for paint. (finish to be paintable or texture as determined
    by BNB.
  • Furnish and apply white ceiling paint and white trims for

TILES- (WALLS & FLOORS)

  • Furnish and install new ceramic wall tiles (neutral color, 12″ x 12″ $1.05 purchase allowance))
    within the bathroom wet areas and 12″ x 12″ non-slip tiles within the shower floor.
  • Furnish and install new 16″ x 16″ ceramic floor tiles throughout the house, $1.10 purchase
    allowance.

INTERIOR DOORS & TRIMS

  • Furnish and install new two or six panel hollow core doors with trims caulked and painted white
    complete with lever handle locksets. Sizes will be in accordance with the plans. Furnish and
    install new paneled hollow doors as per plans.
  • Furnish and install new clamshell base boards caulked and painted white.
  • No window treatments included.

INTERIOR PAINT

  • Furnish and apply new drywall primer/sealer.
  • Furnish and apply white ceiling paint and white semi-gloss paint to all trims and one main paint
    for the body of the interior walls.

CABINETRY

  • Furnish and install new kitchen cabinets, shaker style, white and or gray complete with stone
    counter (builders grade finish).
  • Furnish and install bathroom vanity cabinetry sized as per plans with the stone counter.

APPLIANCES

  • Stove
  • Refrigerator
  • Dishwasher

Details

Updated on April 20, 2022 at 4:31 am
  • Price: $235,000
  • Property Size: 1152
  • Bedrooms: 3
  • Bathrooms: 2
  • Year Built: 2022
  • Property Type: New Construction
  • Property Status: Cash Flow Investment, For Sale, New Costruction, New Listing, Turn Key
  • Address Lake Placid, Florida
  • City Lake Placid
  • State/county Florida
  • Area Lake June, Lake Placid
  • Country United States

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