Deal 1:
Single Family Real Estate Developer in search of capital for $3.2M development. Land purchased, drawings and permits approved.
Cost of Construction, $25k land per SF Home and $350k per SF home $375k, appraisal post construction $525k. Gross Profit $150k per SF Home. $1.5M total gross profit.
There are very few *NEW* SF Homes in the Greater Englewood Area for sale. Most of these homes will be sold once roof is on!
Deal 2:
1.33 acres zoned industrial, 4 connected parcels under contract for $200k. $150k to build storage facilty...Looking for $350k to develop into outdoor Boat, RV and Trailer storage. 75% occupancy will generate just about $30k/month.
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