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Vacant Land - Initial Infasturcture in place


Posted in Categories: Real Estate, Land for Development
Posted From: United States, Florida, Apopka

Ad Title: Vacant Land - Initial Infasturcture in place
Date & Time Listed: 2016-09-25 03:27:47 (GMT)
Type of Ad: Want to Sell
Ad Details:
Builder Bankrupt - 16 Lot Development

Vacant Land – Initial infrastructure is in place

1508 BAYWOOD BLVD, MOUNT DORA, FL 32757 - Baywood Village

Property Details
Enormous development opportunity with this 16 lot development in beautiful Mount Dora, Florida. The initial infrastructure is in place including streets and underground utilities. Impact fees have been paid as well. The project was originally approved as a 55+ town home community (32 total units) on 3.18 acres. Fantastic location minutes from downtown Orlando and a block from Lake Saunders.

Build 16 - 1,450 sq ft. homes @ $75 price per square foot.

After Repair Value - $2,880,000
Investor Price - $459,900 + 3% fee
Closing Costs to Buy - $10,000
Rehab Projection - $1,740,000
Utilities - $12,000
Closing Costs to Sell - $10,000
Listing Agent Commission - $70,000

Total Projected Profit - $578,100
Estimated ROI - 25.11%
Price: 459,900.00 USD




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