Redington Beach Luxury Homes Redevelopment Opportunity!
Investor · Tampa, FL · Member since 2023 · 30 posts · 0 votes
This 2-house project consists of demolishing the existing structure and creating a new, modern structure. We are increasing the current property value from $750,000 to $3.5M on each project.
Luxury homes will be built and utilized as short-term and mid-term rentals featuring 5 bedrooms, 4 bathrooms, 2 living rooms, and 2 car internal garage. These beach houses will feature a rooftop deck and pool.
- Construction Period 6 – 7 Months
- Equity Amount: $550,000 per property with an annual 20% return
- Minimum investment $50,000
- Land cost: $750,000
- Construction cost: $1M per property
- Return of capital Will be provided by the refinance of the construction loan at 75% LTV.
- After Built Value for each property: $3.5M
NOTE: WE HAVE ALREADY RAISED $2,750,000 FOR 5 OTHER PROPERTIES JUST LIKE THESE! WE HAVE FINISHED THE DEMO PHASE AND WE ARE IN CONSTRUCTION!
