NEW CONSTRUCTION
&
RESALE TOWN HOMES
VILLAS AT THE RETREAT
Interested in making $500K+ within 10-16 months
1) Buy our land for $650K and build a 7 unit 3 story townhouse
2) Want to save cash in buying the land? How about a joint venture?
3) In addition, seller is hiring a builder to build 2 buildings with a total of 24 units (all pre-sold)
It's a WIN - WIN! HURRY THIS WILL NOT LAST!
NEW CONSTRUCTION
Clubhouse: 2700 Sand Mine Rd Davenport FL 33897
Latitude 28°18'40.76"N Longitude 81°40'20.10"W
Property has a pond view & planned for (7) seven unit - 3 story townhouses, less than 100 yards away to the clubhouse shared with Regal Palms Resort & Spa, a gated Resort with 600 town homes that has tons of amenities like a lazy river, bar & restaurant, gym, spa, sand volleyball court, up to 3K+ sq ft game room, check in counter, business center etc... Home owners will have access to the world renowned Highlands Reserve Golf Club right across the street. 18 holes of undulating fairways & picturesque surroundings.
Regal Palms Resort is zoned for short term rental or AirBnB. Here's a re-sale property, as of 4.7.23 from the MLS Click here for results
These 7 units can be pre-sold with an average selling price of $400K each and can be sold out within 2-6 months. Land can be ready for vertical building within 30 days with a price tag of $650,000.
$200K conservative cost to build, multiplied by 7 units = $1,400,000. Note that investor may not spend ALL this money since we will pre-sell before we build and will be sold with a Construction Loan. Or just build and sell!
Land Cost: $650,000
Conservative cost to build 7 units = $1,400,000 (investors funds)
Commissions, Estimated Closing costs & Marketing, $400K x 8% x 7 units = $224,000
TOTAL EXPENSES: $2,274,000
Average selling price: $400,000 x 7 units = $2,800,000
ESTIMATED PROFIT: $2,800,000 - $2,274,000 = $526K
Estimated completion time from start to finish is 10-16 months. Architectural plans available upon request. Just bring or hire your builders / developers.
Seller can also hire the investor to build 24 condo units (2 buildings - 12 units each). These units are already sold.
