Good Day All,
I’m looking into purchasing a lender owned platted subdivision in the City of Atlanta being offered at 29% of its 2008 sales price which asking price is 80k. 33 lots with slightly rolling topography. May be able to re-zone for apartments. Great investment inside the perimeter on 15.2 +/- acres. All utilities available at site. Located on the MARTA bus line. New fully occupied subdivision across the street with beautiful homes.
I thought about selling the lots individually but then again the idea of contacting a developer to work hand in hand crossed my mind if I purchased the land.
Then I have that " What If " syndrome
1-Asking price - is it strange that for the price to be that low
2-Location - I’m out of VA and the Land is in ATL, GA im not familiar with the area
3- I never ever thought about a deal like this coming thru my door of opportunity
Just curious on what would you do?