Stamford Project Lot and Home For Sale
Possiblities are only limited by your imagination.
As a professional builder/developer, this project is screaming for your expertise.
This unique opportunity to purchase a over 10,000 square feet of land (.24acres) that can possibly be converted into a 6 unit-Multiplex (3beds.2.5 bath)
Probable Building Costs
$65 to $75 square ft Pre-fab from AValon Building systems
Building 6 units at 1,400 per unit = $546,000 to $630,000
Lot = $675,000
Attorney = $5,000
Site Prep & foundation= $25,000 + $24,000= $49,000
Electric & Plumbing tie in: $6,000
Landscape: $5,000
Total Costs = $1,286,000 - $1,370,000
Selling Expenses
Avg sale price range= $350,000 - $410,000 @ 6= $2,100,000 to $2,460,000
Costs of Selling 6% (brokerage & conveyance) = $126,000 - $147,600
Return on Investment
$2,100,000 $2,460,000
-1,286,000 -1,370,000
- 126,000 -147,600
$688,000 $942,400 PROFIT
Call us today at Ed at 203-257-9954 or
Ovidio at 203-895-7566 for more info.
