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Updated over 1 year ago on .

User Stats

30
Posts
0
Votes
Jason Matthews
  • Investor
  • Tampa, FL
0
Votes |
30
Posts

Redington Beach Luxury Homes Redevelopment Opportunity!

Jason Matthews
  • Investor
  • Tampa, FL
Posted

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!

VIRTUAL TOUR ——> https://drive.google.com/file/d/1JpdRN9Rc1_dngD9jqFRAQcZDRJKwKZk6/view?usp=drive_link