I found a property for $1,300,000 that is in the way of a Multi-Family apartment housing that currently exists with 16 plexes that are positively cash flowing.
There’s room for 155 Units with a total of 8 penthouse units to be enabled for Lease/sale to speed up the equity building process and a few Motorhome/boat stalls for the inhabitants.
Imagine 6 acres and you were the investor. That’s a cost to flat of around $8750 per unit!
The value of such a unit is approximately $250,000 to $350,000 depending upon the amenities added.
163 total units valued at 250,000 each would total. $40,750,000. Cost $170,000 to build to $210,000 leaves $6,500,000 estimated profit margin.
