737 Arbor Lake Dr, Crestview, FL 32536

This exceptional investment opportunity presents a portfolio of 36 shovel-ready pads for two-bedroom, two-and-a-half-bathroom townhome units in Crestview, Florida. Located at 737 Arbor Lake Dr, this 3.31-acre property (APN: 07-3N-23-1101-0000-0CA0) boasts completed horizontal improvements, including underground infrastructure, roads, curbing, street lighting, an HOA pool and pool house, and an entrance sign (completed in 2012). Each pad site (36 total) is ready for immediate vertical construction of 1,250 square foot townhomes. The property is zoned R3 - Multifamily, offering significant potential for rental income. The asking price is $1,295,000, representing a price per unit of $35,972.22. The property features nine buildings, each two stories high, with two parking spaces per unit. This fee-simple ownership opportunity is a compelling investment in a growing Florida market. The property is situated in Okaloosa County, Florida, zip code 32536.