Golf Creek Estates offers a rare opportunity to acquire 40 residential lots from a retiring developer, below replacement cost, which are fully engineered, improved and ready for the construction of modular and/or traditional stick built homes in Northwest Indiana. The project is approved as a Condominium Association. Each homeowner shall own a 1/40th interest of the association (land) and fee simple ownership of the physical home structure. Standard mortgage underwriting applies with no additional special hurdles to overcome (seller has a title company which has fully vetted the legal structure and is ready and willing to issue traditional lender/buyer title policies). Homeowners will buy their homes and then pay HOA dues to manage landscaping and common area maintenance. There is an open area for a park or similar at the entrance and improved playground at the rear of the property. Site ingress/egress via W. Hwy. 130 offers regional commuting. A mature golf course is adjacent to the East offering comparable sales in the $400 - $500 range. With a Hobart mailing address and Portage schools, the site offers below market ownership opportunity in a safe and stable neighborhood. Remaining improvements included the repair of the existing asphalt surface (prior estimate of $125k) and the installation of a small lift-pump to support the last 10 homes. Great location, below market bulk sale (40 units for efficient marketing and overhead, and shovel ready homes). Draft condominium documents, covenants, utility agreements are prepared for review and filing by the purchaser.