The two groups of lots are each large enough to accommodate a housing development.

This is an existing development.  

The buildings are two unit townhouse style. There are 40 units in this section.

Similar housing units are possible for the other two areas.

Contact PRS if you would like more details about this project.

Project D56

Above is current aerial photo.   Below is paste-up of proposed density.  Notice it matches the existing density to the east.

Above, 72 home sites were created.  

Project D57

Contact PRS if you would like more details about this project.

Below, 66  home sites were created.  

Development Options

There are nine single family homes and two extra lots in this entire grouping. If we buy all the lots, there could be 66 to 72 lots created. However, convincing 11 property owners to sell is like herding cats. Therefore, the plan below requires only three property owners sell. The other owners my opt-in once they see activity.  

Estimated cost for 3 properties is $700,000 to $800,000.

$800,000 / 27 lots = $29,629 per lot; plus, improvements.

Below, 66 lots could fit if all 11 properties were purchased. (homes about 2,500 sq ft)

Estimated cost for all 11 properties $2,330,00

$2,330,000 / 66 lots = $35,303 per lot; plus, improvements.

Below are 72 lots. This layout is like the existing area streets. (smaller homes)

Estimated cost for all 11 properties $2,330,00

$2,330,000 / 72 lots = $32,361 per lot; plus, improvements.

After all costs considered, the estimated profit per lot is $25,000 to $30,000.

Estimated profit per home is $50,000.

If we built all the homes, the profit could be around $80,000 per property.

27 properties / est. profit $2,160,000

66 properties / est. profit $5,280,000

72 properties / est. profit $5,760,000

Project D58

40 Acres, potential to create 30 or more lots.

Below is a paste-up to demonstrate 30 lots will conform with the development to the east.

Potential profit of $30,000 per lot.

Plus an additional potential profit of $50,000 per home.

Total profit potential of  $2,400,000.  (30 lots & homes x $80,000)