I met with a developer in regard to this development opportunity. which is
located is south west Baltimore City. The development will be about
20 minutes drive from Fort Meade. The development is comprised of
17 lots- 16 semi-detached homes and 1 detached home which can or can not be
part of the development depending on how the deal is structured.
The estimated resale/sale value of each semi detached home would be
in the region of $275,000. They are 3 bedroom/2.5 bathroom homes
all with off street parking. The planning and zoning is already in
place, the infrastructure is not. The front foot fees have already
been registered with the city.
There are several opportunities available here.
1. An investor can purchase the development outright for
$1,100,000 - the developer can stay on as a consultant for a fee or
not depending on the terms of the sale.
2. An investor can join in a joint venture with the current
developer for a yet to be determined investment. The realty office
I am affiliated with would then list and sell units following
construction or offer them in a presale.
3. The current developer can build the units and realty office I am
affiliated with will offer those for sale at $275,000 per unit.
If you know anyone who might be interested in any of these scenarios
please put them in touch with me.
Thanks.
Best Regards,
Joseph V. Scorese
MAC Investment Company
http://activerain. com/action/ referrals/ joemacinvest
joemacinvest@ yahoo.com
Toll Free - 877-263-4881
Office - 484-221-9277
Direct - 908-967-4064
Fax - 610-351-0903
;)
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