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834 Hallem Street

Aspen, Colorado 81611

This is an approved affordable housing project in Aspen that has two sources of income, the certificates which are in very high demand and the affordable housing product which is in just as high of demand. This provides the developer the opportunity to build and have people waiting on both products......Makes for better margins and less stress. These projects are very rare and with the Specific Legalities of affordable housing in Aspen Colorado it is a perfect storm for building for profit! We are the only community I know that has the mandatory certificates for other developments as well as such a pent up demand for both the certs and the housing. We build for $300 per square foot and sell for over a $1000 per square foot and that is the affordable housing product!!!!!!!! We are working on another larger one as well right now and there are currently only one other project that is being done which does not support the demand, not even put a dent in the demand. This is an amazing opportunity, but the Hedge Fund we work with does not do paperwork for less than $10 million so we are looking to crowdfund this project or find one solid partner that can take the whole thing down. Purchase $3 million Build $2.2 million Sell units and certificates for around $12-18 million due to pent up demand. The approvals are in and this is ready in July for build out of 12 months, then sell and profit! The development has 19 bedrooms and 18.75 certificates ....each Certificate is currently valued at $350,000 alone!!!

Property Info

Beds 9
Baths 9.5
Sqft (Living) 7620 sq ft.
Sqft (Lot) 6000 sq ft.
Year Built 2017
Deal Type Wholesale
Property Type Condo / Townhouse
ARV $12,000,000
Cap Rate 12%
Building Frame Construction

Location