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Updated about 8 years ago on . Most recent reply

User Stats

63
Posts
20
Votes
Kevin Priester
  • Investor
  • Lake Mary, FL
20
Votes |
63
Posts

Joint venture/partner wanted 90 SFRs 40 TH development Orlando FL

Kevin Priester
  • Investor
  • Lake Mary, FL
Posted

$6 Million Investment

Acquisition= $3,000,000

Development, infustructure, clubhouse and 3 model homes=$3,000,000

---------------------

90 Single Family Homes

Avg sq/ft=2400

40 Town Homes

Avg sq/ft= 1800

Total sq/ft=288,000

-----------------------

Cost of construction

288,000 sq/ft x $80 = $23,040,000

Projected Sales Price

288,000 sq/ft x $135 = $38,880,000

Gross Profits

$15,840,000 - 6,000,000

$9,840,000.00

Most Popular Reply

User Stats

2,624
Posts
2,112
Votes
Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
2,112
Votes |
2,624
Posts
Kim Meredith Hampton
  • Real Estate Broker
  • St Petersburg
Replied

Kevin Priester what area will these be built? Are you the builder? If so, what other communities have you done? Time frame?

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Engel & Völkers | St. Pete
5.0 stars
14 Reviews

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