I am working with two sellers in Oakland County, Michigan that are interested in a sale of a golf course that is zoned for Single Family Housing (1-4 units). The course is surrounded by other houses that range in value from $400,000 -$600,000. Sitting on 2,000 sqft-3,000 sqft per residence with garages and basements. The density per acre is about 2-4 units. The course opened in###-###-#### With 62 acres of flat land surrounded by residences and commercial property, you should set aside 25% as open space (12 acres) then another 20% for infrastructure (10 acres) leaving about 26 acres to build on. With a density of 4, you can put nearly 104 new residences on it. Looking for developers who have experience and would be able to pay cash. The deal range is $5-$10M with an after-sale value ranging between $40M-$50M. Please contact me directly if you are interested.
Looking for Real Estate Developers- Golf Course to Housing 62acres- DEAL
by a searcher from Wayne State University
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