Largest PUD EVER in Montana
Look, we all know the market is in the tank. We all know real estate across the board is not worth what it was 2 years ago so don’t give me those kind of comments. That’s why I am only posting deals like this one!
This deal came to my desk this morning. Looking for a personal/company looking to buy and hold. 1724 acres in Montana PAPERED (plat approved) for 2599 homes sites 2 golf course and many other amenities. In between Bozeman and Helena MT. Appraises CURRENTLY with no improvements at $18 Million. Improvements over the life of the project including Golf Courses looks to be around $70 million. CAN LIKELY BE PURCHASED for 50 cents on the dollar (meaning around $9 million).
APPRAISAL cbre-appraisal-small.pdf
Let us know if you are interested. I think this is as cheep as it gets EVEN IN THE DOWN MARKET!
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