Updated about 10 years ago on .
Pricing townhome lots
Hello I'm working on a deal for raw land for townhome lots. What are you all seeing builders or developers pay per unit for raw land?
I know for single family finished lot cost is 20-25% of total sale in my area. 15% for raw land if there are no major issues or costs to contend with.
No rezoning required but the subdivision would still need to be approved.
The units would be $175k-$225k probably averaging around $190k-$200k.