I guess this isn’t as good a deal as Chicago selling off land at $1 a lot but Newark’s Valentine’s Day land sale still seems pretty darn good to me. According to the city’s website, Couples only can purchase a Newark land lot for $1000 from the city if they can afford to build a dwelling on it and are willing to live there for 5 years.
Take a look at the terms and tell me what you think …
A special land sale that Economic and Housing Development has organized for St. Valentine’s Day – Saturday, 14 February 2015, 9:00AM – 12:00PM at Newark City Hall (920 Broad Street). In the spirit of St. Valentine’s Day, we are doing a sale of city lots exclusively to COUPLES. Transforming non-tax producing city owned lots to occupied, tax producing properties with new homes built on them. We will be selling 100 lots at $1,000 a lot. This sale is NOT for developers or investors. The sale is exclusively for couples who are looking to live in Newark.
