Florida, Broward County, Fort Lauderdale, 32nd St

Prime location and prime development opportunity. Build 10 townhouses in this premium area. 0. 54ac lot. Based on feasibilty study the project appears feasible under the market-justified cost and revenue assumptions and with the preliminary development concept in mind. Scenario reflecting preliminary concept drawings achieves levered irr of 41% with land acquisition price of $ 2, 000, 000 as indicated by investor. It is recommended to develop parcel simultaneously without phasing the 10 townhouses project.