Hyde Park, UT 84318

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List Price
$1,498,900
Status
ACTIVE
MLS#
2192084
Days on Market
0
Acres
1.74
Terms
Cash, Conventional, Owner 2nd, Seller Finance, Seller Will Subordinate
County
Cache
Region
Smithfield; Amalga; Hyde Park

Property Description

**Seller financing available with 0% interest!** Fully entitled land for 60 unit mixed use development with bids supporting a 7.5% cap rate on stabilized value. Seller is willing to subordinate/carry 50% of purchase price behind primary construction financing. Project has been vetted and approved by local credit union. All you need is $750k down to get this entire project off the ground. **Included in the Sale:** Civil Plans Architectural Designs Geotechnical Report City & UDOT approval Topographical Survey Easements & Utility Plans Reach out for link to full development packet. Soft costs & bids for horizontal will also be included in development packet. OM & drawings attached in listing. Only apartments/mixed use for sale in site plan. Projected construction spread north of $2.5M on stabilized value. (proforma included in development packet). Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.

Additional Information

School District
Cache
Elementary School
Cedar Ridge
Middle School
North Cache
High School
Green Canyon

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Listing courtesy of Equity Real Estate (NRE).

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