Updated over 9 years ago on .
20% Margin Project that is pre sold in Tampa!
Hey guys!
Would you like a project with a 20% margin that has a guaranteed buyer on the other end in Tampa?
I have 6 lots that need development for my lazy builders.
How lazy are they? They would rather pay over $50,000 per lot when they are ready to go than spend 43,000 per lot to develop them on their own.
Land acquisition- $110,000
Site development- Quote came in at $148,000- *Contingent on site plan approvals from city.*
Site planning/getting more bids for the work can be done during due diligence.
The site is 301X100'. Splitable into 6 50x100 lots. Build ready lots in this area are worth from 50-58,000 each and there are at least 6 builders who would want them, At least two of which would give you an LoI or possibly contract before you get started.
The project will consist of clearing the lots, mucking out some of it, and refilling the lots with soil to FEMA requirements. Then building the road with a cul de sac and setting up utilities.
Contact me to discuss the deal! 813-245-4644