OFF MARKET LAND DEVELOPMENT OPPORTUNITY: Autumn Ranch Estates, Galt, CA
• 50 Acres
• 24 Lots (2 acres each)
• Sales Price: $1,700,000
• Includes Tentative Map application (submitted), engineering, plans and all work product
• Lot Price: $70,833/each
• Or Joint Venture Partner: $400,000 (25% equity)
Contact Alexis@alexismcgeegroup.com for full offering package, including the detailed P&L for the potential build-out of the 24 residential lots. Package includes accurate numbers based on engineer's estimates and real world cost quotes. The P&L shows a gross land residual value over the purchase price to the land developer of close to $400,000 with an after purchase price of $1,700,000. There is also over $3,100,000 in Builder profit. The Total Profit is $3,300,000. You will also find all the details for the 24 lots, 3 existing houses, plus $40,000 - $50,000 income per year, dairy property. Plus, you’ll find the "as is" Appraisal of $1,580,000 from Feb 2018, completed prior to the tentative map. Surrounding newer homes sell for $775,000 for 2879 sf on 1.7 acres. We will have the first gated community, 3,000 sf on 2 acres, using a conservative ARV of $699,000 (15% below market). Comps are included. Hurry, this is a great development opportunity!