Real Estate Venture
by Dennis Chambers
Own existing development in Cocoa Florida. Looking for partner to complete build out of 24 multi family lots as rentals or build to sell. Market is extremely strong. Lots are cleared, all infrastructure is in place, have plans to build townhomes for rent or for resell. Market valuation is 130K to 175K for townhomes. Rental values are 1100 to 1200 per month. Licensed general contractor and own heavy equipment needed to build units. Development web site is Countryoaksllc.com. Investment will depend on number of units constructed at one time. Remaining lot inventory is 3 single family lots and 24 multi family lots. Single family price range is 175K to 250K. Have detailed projections available for multi family project. Project could be done 8 units, 16 units or 24 units. Single family would be done one unit at time. Profits if built as resale on singles family would be 40K to 80K per unit and 25K to 50K on multi family per unit.
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