SHOVEL READY 12-UNIT TOWNHOME DEVELOPMENT – 85024 | Phoenix
12-unit townhome development on 12-parcel lot with City Approved architectural and civil plans paid in full. Some civil work is completed with approximately $160k required to complete remaining civil infrastructure.
Property Highlights:
- 12 unit townhome development
- Lot consists of 12 parcels
- Each building is 2 townhouses with one attached wall
- 3 floorplans
- New build townhomes in the area are selling at $310/sf
- Civil & Architectural plans have already been City Approved
- Some civil work is completed
- Approx $160k to complete civil
Investment Details:
- Price: $1.175M
- EMD: $25K
- COE: TBD
Additional Terms:
- Seller agrees to provide a full set of paid-in-full City Approved digital architectural plans and all surveys for all townhomes in the development within 24 hours of Acceptance
- Seller agrees to provide a full set of paid-in-full City Approved digital civil engineering plans and all surveys for the entire development within 24 hours of Acceptance
- Seller agrees to provide paid-in-full City Permit for Civil Engineering and Architectural Plans
- Seller agrees to provide an accounting spreadsheet reflecting all completed and paid-in-full civil engineering & infrastructure items within 24 hours of acceptance
- Upon Buyer's request Seller agrees to build 1 to 6 of the 2 unit townhome buildings at an estimated current cost of $120/ft + a 15% GC fee per architectural plans. This is just an estimated build cost and can not be guaranteed do to market conditions.
Contact us today for more information
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