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Hidden Springs, LP

Status Sold
County Hays
Type Land

PROPERTY PROFILE

Acreage 98.47
Zoning R1

FINANCIAL INFORMATION

Purchase Price $1,850,000
Total Cost $3,600,000
Estimated Site Development Cost $1,750,000
Sales Date 11/05/2007

The property consists of 54 platted single family lots and (1) 5-acre multi-family lot. All Construction plans are approved. Goal is to develop lots and then sell to local contrators. Currently 35 of the 54 lots taken, in addition, discussions with potential buyer of 5-acre lot for approximately $300,000 in process.

Map

Map Not Available

Returns

Net Annualized
returns from rents
Net Annualized
returns from sale
N/A
Average Annual Return

Property Highlights

  • Market Value at Completion: $5,100,000
  • Total Lots to be Developed: 54
  • Total Lots Presold: 35
  • Lot Sales to Break Even: 32

Images