Coney Terrace
Projected
Build two townhouses
Each side will be a 3/2 1700 sq ft unit plus 2 car garage.
Plans in with city zoning
Lot under contract $480K
Close to I 95 and walk to Boynton Beach Ocean Ave shops and the beach. Just a few miles from Delray.
Great neighborhood with local comps for condos that range from $900,000
Both units will be
- Carbon Neutral
- Include solar panels
- A 12 month building process to completion
- Electric car charger
- impact windows
Under contract!
- Sales price for should exceed $900,000 each
- If rented, will exceed $96,000 per year.
- Lot cost $480,000
- Build Cost $310K Each
- Forecast sale $1.5M (based on sq ft)/Forecasted sale $1.8M based on 6.5% CAP rate
Mr. Lewis’s experience in the real estate and financial services industry spans more than 25 years. He excels at consistently turning raw land with little to no perceivable value into a multi-family profit center. His accomplishments include over $55 Million in residential properties flipped and $22 Million in commercial/multi-family properties built or flipped. He’s well-versed in real estate finance and what it takes to develop a successful, profitable project. Bolstered by a degree in Manufacturing Engineering and 25 years in sales and marketing.
Mr. Lewis received his BBS in Manufacturing Engineering from California University of Pennsylvania in addition to completing coursework in Finance business Florida Atlantic University in Boca Raton, Florida. He is also fully licensed in Florida, where he holds a Real Estate License and passed the Florida Contractors Exam.