Prime location and Prime Development Opportunity. Build 10 townhouses in this premium area. 0.54AC lot.
Based on feasibilty study the project appears feasible under the market-justified cost and revenue assumptions and with the preliminary development concept in mind. Scenario reflecting preliminary concept drawings achieves levered IRR of 41% with land acquisition price of $ 2,000,000 as indicated by investor.
It is recommended to develop parcel simultaneously without phasing the 10 townhouses project.
Courtesy of: Vera Realty LLC MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 31st July, 2021 8:49 AM
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