Off Market Grand Slam Development Opportunity
Calling all BP Developers or interested Developers in the Denver/CO Front Range Area. I have an off-market Development opportunity for you with an insane amount of upside potential, a true buy-side winner.
Details:
- Location: East Aurora (Close to Tower and Colfax)
- 2 Acre Lot (potential could go to 4)
- Can build 12 single family homes or 8 duplexes for a total of 16 units
- Currently NOT subdivided but the parcel has been through the zoning process with the city, just not executed due to cost.
- Finished product can sell between 250-300K/unit
- Next to new sports arena S of Colfax
- Purchase Price is still being deliberated, should end up around $600K
Basic Pro Forma:
- Gross Sales - ~$3,300,000
- Less Land - $600K
- Less Commission - $200,000
- Less Construction Costs - $1,500,000
- Less Development Fee - $50,000
- Net Profit: ~$950,000
I don't have to point out that this pro forma is HIGHLY variable and dependent on your particular scope of work. This factors sales of 12 single family spec homes at a base price of 275K.
Please contact me for further details (map, comps, etc) and to set up a private showing. I urge readers to not go sniffing around on their own here, the sellers are very cautious and do not want any unwanted solicitation.
Thank you!
Stuart
(269) 598-0003
Offering