|
Ref: pr:001
|
$20,000,000
|
|
|
|
|
boomtown house&duplex
|
|
|
Gillette, Wyoming, United States of America
|
|
 |
Key selling points
High return on investment
IDEAL OPPORTUNITY FOR GOOD INVESTMENT !
There is a high demand for skilled workers in Wyoming but a severe shortage of housing. This development offers a gross return of $36 Million from the investment of $19.8 million.
This project is a turnkey build and sell development of 279 single family houses and 96 duplex units.
They have plenty of unfilled high paying jobs, but no houses. Campbell County, the county Gillette is in, has 17 of the largest open pit coal mines in the USA. One third of all coal in the USA comes from Campbell County, Wyoming. It also has drillers drilling methane wells every quarter mile for methane gas, which sits on top of the coal seam. This city will double in less than five years if housing is available.
We have all the contractors, subcontractors and crews lined up to start once the contract with the investor is signed and the deal is funded. The land will be in the name of the investor’s corporation. The sales will be made in the name of the investor’s corporation. All building activity will be co-ordinated and reports made to the investor weekly. Payments to subcontractors will only be made when they sign a waiver for any more payments for services rendered per house.. The investor’s corporation will have clear title to the finished houses and duplexes. We will sell them to individuals and also as investment properties. We can sell them as soon as they are finished and ready to occupy. We can be fully developed and sold out in 36 months. They will make a gross profit of $36.6MM on an investment of $19.8MM over the 36 month period.
All contractors, sub-contractors and managers are in place to build and sell these houses in 3 year period. Sales staff to sell all houses and provide mortgages is in place.
This 147 acre parcel will not stay on the market long. We need an investor that is ready to move.
Contact us now and we will send you full details.
Enquire about this property
|
|
|