UPDATE: Plans approved by City 1/15/20. Construction can begin immediately! Looking to invest in townhouse development? This plot is in a prime location just off Patterson and 28 1/4 Rd. The views are spectacular and the numbers are sound. The land comes with site plans, building plans, and all the civil engineering needed to develop and build! Current plans show 2 sets of 5 townhouses. Each set of 5 has an estimated build cost of $800k, plus an estimated development cost of $300k for the whole project. Together with the property purchase, that brings the total estimated cost per unit to $215k. With a target price of $275k per townhouse, your profit could be over $55k per door! Not sure about solo development? Seller would be open to partnering with you and bringing the project to completion together! All information deemed reliable but not guaranteed. Buyer to verify all info.
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