301 S Federal Hwy Lake Worth, FL 33460
Beds: 9 | Baths: 6 | Sq Ft: 1,775 each
Description: 3 Separate buildable lots – approved 3 2-story Townhome Development project ready to step in and build.
Current plans include three 3 bed, 2 bath, 1 car garage, 34′ wide townhomes at 1755 sq ft under air for both end units & 1850 sq ft under air for middle unit. ARV of each unit ranges $375K – $415K. This is called a minor subdivision with No HOA. They are fee simple in ownership.
Approved Drawings, GC Estimate of $605K to Build 3 Townhomes, Renderings & Floorplans AVAILABLE upon request.
Buyer must assume impact fees of $18K due PB County & $7800 due City of Lake Worth.
At approximately $85K per Lot INCLUSIVE OF IMPACT FEES all approved Drawings (Const,civil,landscaping), plus approx. $605K to build (using high-end products & materials) totals $859,800. At a Retail Sale of ONLY $400K each, totaling $1.2M, the estimated profit equals approx. $340K. Experienced Builders can make desired adjustments and increase profits. Incredible ROI – and the bonus is that there’s no wait to develop – builders are ready to go!