Prime location and Prime Development Opportunity. Build 10 townhouses in this premium area. 0.54AC lot. Based on feasibilty study the project appears feasible under the market-justified cost and revenue assumptions and with the preliminary development concept in mind. Scenario reflecting preliminary concept drawings achieves levered IRR of 41% with land acquisition price of $ 2,000,000 as indicated by investor. It is recommended to develop parcel simultaneously without phasing the 10 townhouses project.
Listing courtesy of Vera Realty LLC.