John M Wells, The Wells Group of Durango, Inc., C: 970-749-1440, email@example.com, www.wellsdurangorealestate.com: Developers! Investors! This is an ideal residential development parcel located in Durango, Colorado. This is a very rare opportunity to invest in a path of growth location at an attractive acquisition price. This parcel is perfectly suited for a density that would allow attainable houses in a great location. Right next to Florida Mesa Elementary and minutes to the hospital and Durango services. The opportunity is a previously entitled, viable project underwritten and priced conservatively for developer profit, whatever the measure (IRR, Net Present Value, Gross Profit, etc.). All utilities are to the site including electricity, phone, natural gas, and sanitary sewer (LLSD), with a community water system supplied by private wells which were extensively tested for county planning in 2016. A new traffic light will be required to be installed serving the project and Florida Mesa Elementary. The project is not subject to the Grandview Area Plan or the IGA. Density is up to 4 units to an acre.
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
located at TBD Highway 172, Durango, CO
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TBD Highway 172, Durango is listed
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