445/478 Bonanza Ave Pagosa Springs,, CO 81147

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

TINY HOME / Manufactured Home Developer opportunity! With the shortage of affordable housing and manufactures home lots in Pagosa Springs, here is a keen opportunity for mobile lot or TINY HOME development. Once 50x100 individual lots, this seller merged the 1.23 acres and 3+ acres parcels for two single PLPOA (HOA yearly fee) of $265.00. A main line water/sewer line is needed for these land parcels and its development. With the separation of the parcel into individual 50x100 lots, a developer could place mobile units or tiny homes (estimated at about 40), providing the most affordable housing for Pagosa Springs! Or larger sized lots could be formed for less home density. Electric runs at the backside of the lot with other existing mobile homes on the 1+ acre parcel (lending itself for prime manufactured home lots). Sell the manufactured home lots for income to supplement the water/sewer line extension. Maybe you are savvy for a development grant opportunity? The 3+ acres parcel across the street has a treed setting and mountain views, prime for a Colorado Tiny Home development. These parcels are also located in the PLPOA which has Recreation Center membership and lake fishing opportunities! In addition to its prime Pagosa location, this convenient setting for homes has an abundance of ponderosa pines and mountain views! Enjoy nightly dark skies with an abundance of stars and peace and quiet in this residential community! Priced for a NOW sale (seller is older and liquidating land assets), purchase and develop latter. For less than $1,100 per year in POA & property taxes, this is truly a grand investment or 1031 Exchange opportunity as Pagosa Springs continues to grow in population! The Seller will also consider financing creating a splendid opportunity for the first time investor! The rolling terrain is wonderful and contains beautiful groves of Ponderosa pine trees complimented by cedar and mountain oak. This inviting wooded habitat attracts deer, elk and wild turkey. Pagosa Springs is Fortunate to be surrounded by charming mountains with plenty to offer including the most natural snow in Colorado skiing, natural hot springs, and massive ponderosa pines. Fly fishing can be done just about anywhere the river flows because of the Pagosa wilderness creeks cascading out of the Weminuche and San Juan Wilderness Areas. You can also simply fly fish the San Juan River through town. A round of golf at the nearby Pagosa Golf Course awaits! A plethora of winter activities such as skiing, sledding, snow tubing, snowmobiling, snowshoeing and more are accessible at Wolf Creek Ski area and several National Forest access trail heads nearby. We love rural living and the opportunity to pursue our passions. In this place, we are creating memories to last a lifetime. Pocket this development land opportunity today!