140 lot subdivision Salome Arizona |
Price: 25,000
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| Ad # | 861568 |
| Contact | Pat or Vic |
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| Type | Not Applicable |
| Created | July 21, 2008 |
| Updated | July 21, 2008 |
| Expires | January 20, 2009 |
| Viewed | 40 times |
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(Click image for full size)
Excellent Investment property
40 Acres in the pre-development phase is currently being offered for sale in the Salome area of Lapaz County.
The subdivision informally known as SAGEWOOD ESTATES is currently in the tenative plan stage and is zoned "RVS" (recreational vehicle subdivision). It has been approved by the county for 140 lots (3.5 lots per acre). The actual density for the area is 5 lots per acre so an additional 60 lots is a possibility, (we just decided on larger lots). Public Utilities are readily available, and waste water treatment is currently in the works. Comparable lots in neighboring subdivisions (some with waiting lists) are selling for 50k-65k (these same type lots go for upwards of 100k in Quartzite 30 miles to the west)
This places SAGEWOOD ESTATES gross minimum value at approx 7 Mil. plus. (50K x 140 lots). The estimated construction costs will be approx 2-2.1 Mil (15K x 140 lots) with lots being ready for sale in approx. 2 years.
The price for SAGEWOODESTATES is 25k per acre, (1 Mil. total) Thereby realizing a minimum profit of approx 4 Mil. or more in about 2 years.
You can join the Baby Boomer explosion into the area where our friends to the north are looking for lots to park their RV Rigs and be able to enjoy our beautiful winters. There are 2 golf courses in the area and Alamo Lake is nearby for some great fishing. Interested Parties/Investors are welcome to call or E-mail Pat at (602)-576-0535 ( prdrco@cox.net ) or Vic at (602)- 524-8608 ( azkuder@cox.net )
(pics are representative)
| Property Info Sheet |
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| Property type | investment property |
| MLS # | |
| Square footage | 0 |
| Beds | 0 |
| Baths | 0 |
| Stories | 0 |
| Fireplaces | 0 |
| Year built | 0 |
| Lot size | |
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| Elementary school | |
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| High school | |
| Subdivision | |
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| Property Features |
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 | Near School |
| Near Transit |
| Ocean View |
| Lake View |
| Mountain View |
| Ocean Waterfront |
| Lake Waterfront |
| River Waterfront |
| Car Port |
| Dishwasher |
| Refrigerator |
| Washing Machine |
| Dryer |
| Range |
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| Oven |
| Carpet |
| Wood Floors |
| Tile Floors |
| Vinyl Floors |
| Utility Room |
| Central Heat/Air |
| Gas Heat |
| Gas Hot Water |
| Electric Hot Water |
| Deck |
| Patio |
| Porch |
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