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As a result of the recent mortgage crisis in the United States, new home construction has seen one of the most significant declines in history. In light of this tremendous drop off in construction, many vacant, fully serviced lots in residential neighborhoods have remained on the market for an unexpectedly extended period of time. These lots exist in highly appreciating markets, particularly in the state of Florida, and have become available at sizeable discounts, ranging from 30-50% below assessed values. With conscientious observation of the market and proper timing, investors can expect returns from 100%.
Although shapes and sizes of lots may vary slightly, each lot is approximately 80ft. x 125ft. or 1/4 acre. This is not raw land, rather FULLY DEVELOPED and SERVICED lots, which includes infrastructure such as paved roads, street signs, water, sewer/septic, electricity and DSL hook ups. Each lot is fully prepared for home construction and with the presence of existing amenities, provide move‐in conditions once construction is completed.
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