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Description

  1. Market Demand:   Location! Location!  busy area of St.cloud area.  One parcel has a  4Bed / 4 Bath house with 1692 Sq.ft existing house estimated value is $495,000 including Five acres of land  Development project.  County Assess the demand for townhomes in the area. A total of 16-17  townhomes can be built.
  2. Regulatory Approval: Currently, the existing house has pool  &  agriculture zoning. While the county seems willing to support the zoning conversion, ensure you understand all the regulations and processes involved. Obtain necessary permits and approvals before proceeding.
  3. Financial Viability: The estimated cost of new construction is up to $5,000,000.  Consider land acquisition costs, construction costs, potential revenue from sales or rentals, financing options, and potential risks.
  4. Design and Development: Work with architects, engineers, and contractors to develop a comprehensive plan for the development. Consider factors like site layout, building design, amenities, and landscaping.
  5. Community Impact: A New Development project has been completed next door. The existing house can be covered into club house with an outdoor swimming pool.
  6. Environmental Considerations: Assess any environmental impacts of the development and take steps to mitigate them. This may include issues like habitat preservation, stormwater management, and energy efficiency.
  7. Project Management:  The architect is available to complete the blueprint Develop a detailed project management plan to ensure the development stays on track and within budget. This includes timelines, milestones, and resource allocation.

The Seller is motivated to bring the Developer &  maximize the success of your dream townhome development project.

Property Id : 22552
Property Lot Size: 212,050 ft2
Bedrooms: 4
Bathrooms: 3

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Call 407-453-3415 Make an Offer
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Vipin Shah – Licensed Real Estate Agent Commercial Director

Commercial Director
Vip has an unparalleled work ethic, commitment to client service, and an insider’s k ...

    We recommend rent

    Rental Income $0
    Investor Price $1,800,000
    Closing Costs to Buy $27000
    Rehab Projection $0
    Utilities $0
    Property Insurance $0
    Estimated Taxes $0
    Property Management $0
    Maintenance $0
    HOA Dues $0
    After Repair Value $8,823,000
    Investor Price $1,800,000
    Closing Costs to Buy $27000
    Rehab Projection $5,865,5000
    Utilities $1000
    Closing Costs to Sell $3,04,065

    $825,435

    Projected Income

    14.07%

    Estimated ROI

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Vipin Shah – Licensed Real Estate Agent Commercial Director
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