Timberleaf Townhomes 18 Unit Lots Dallas, TX (Richardson Schools) Off-market 18 Unit Townhome lots ready for new construction. Huge upside profit potential for an investor or builder wanting to take on this size project. All 18 parcels are side by side, allowing 18 new construction townhomes to be built. We are selling at a total price of $1,000,000, broken down to $55,555 per lot. Estimated cost to build is $105 sq/ft per unit, putting total building cost per unit at $189,000 (based off building 1800 sq ft units). Total estimated investment per unit around $245,000 Each unit estimated to bring a minimum of $325,000 ARV. Current units in the complex (1971 builds, not new build construction) are selling for $240,000 per unit. Comps are provided. 2016 New Construction townhomes with Lake Highlands schools should bring the ARV we are estimating.
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