South Florida is aland property for lease in Alamogordo, NM.
Country Club Estates is approx. 175 unit residential home site subdivision. The total acreage is approx. 42 + or -. The subdivison is already platted and approved. The land has been annexed into the City of Alamogordo. South Florida is in the process of a widening and re-paving project. Country Club Estates is approx. 1/2 mile north of the Golf Course. Great ROI. Seller will share and consult with building costs and development costs. Paper lot price is $8850 and finished product price of <$25k per lot. The finished home will have a target price of $169,000 to $189,000 for 1400 to 1800 sq. ft. The city of Alamogordo has an extreme shortage of new homes in this price range. Seller will consult on the whole project.