Listed by Baldus Real Estate
$4,800,000
Crain Highway La Plata
Details
Property Type Land
Sub Type Residential, Commercial
Units 192
NOI $3,271,973
Acreage 19.890
Investment Type Owner/User
Amazing development opportunity in La Plata, MD.
Marketing description
For Sale
Investment highlights
- Asking $4,800,000 or $25,000 a unit
- Located at the intersection of Rt 301 S & Catalpa Dr in La Plata, Maryland
- Property is fully entitled with required school seats secured, storm water management approved, forest delineation approved, and public water and sewer is available
- Approved site plan totals 192-units on a 19.89-acre site
- Preliminary budget suggests total project costs of ~$49.8m or ~$259k per unit
- Projected stabilized yield on cost of 7.22% with a projected stabilized value of $65.3m
Listing Contacts
Listed by Baldus Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,271,973.00
$272,664.42/mo
Valuation Metrics
0
DSCR
68.17%
Cap Rate
68.17%
ROI
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