Package of 8 infill multifamily parcels in Pahrump (6 fourplex parcels and 2 duplex parcels) zoned to build a total of 28 units. When valuing land parcels for development in Pahrump, it's important to take into account the location of roads and utilities, as some properties have no finished access road and water, sewer or electric is hundreds of feet away costing tens or hundreds of thousands of dollars in extension costs.
All properties in this portfolio have an established access road fronting them as well as water and sewer already in the street in front of the property, and power lines in the back ready to pull a power connection from, so that you just have to pay the connection fees to each utility company. This is the lowest possible development cost for multifamily properties on land in Pahrump.
Build your own portfolio of duplexes and fourplexes, then keep as an income producing portfolio, or sell some to pay off the ones you're keeping. Having individual duplexes and fourplexes makes for easy selling to owner occupants with regular agency loans. The choice is yours.
Infill multifamily parcels like these fronted by utilities are becoming more difficult to find at a reasonable price, so take advantage of this portfolio sale to future proof your landbank for development or for long term land investment.