UNI Development’s Millwood Subdivision project is a 2-acre, 16-lot residential long plat development located in the Spokane metro area.
The plan includes 15 buildable lots (4,500–5,000 sq ft each) and 1 pre-existing home. One home will be renovated and sold post-approval, while the other will be demolished to optimize site layout.
This project reflects UNI’s core mission — delivering builder-ready, high-demand residential lots through strategic entitlement, efficient project management, and transparent investor operations.
Type & Location:
2-acre residential subdivision in Millwood, governed by Spokane County Municipality.
Scope of Work:
15-month entitlement and improvement process
Frontage improvements (sidewalk, curb, gutter)
29’ private road with pedestrian walkway
Wet/dry utility installation
One home renovation and one demolition
Current Status:
Under contract; preliminary development underway; contractor bids in progress.
Feasibility completed July 8, closing scheduled August 28.
Type & Location:
2-acre residential subdivision in Millwood, governed by Spokane County Municipality.
Scope of Work:
15-month entitlement and improvement process
Frontage improvements (sidewalk, curb, gutter)
29’ private road with pedestrian walkway
Wet/dry utility installation
One home renovation and one demolition
Current Status:
Under contract; preliminary development underway; contractor bids in progress.
Feasibility completed July 8, closing scheduled August 28.
UNI Development’s Millwood Subdivision project is a 2-acre, 16-lot residential long plat development located in the Spokane metro area.
The plan includes 15 buildable lots (4,500–5,000 sq ft each) and 1 pre-existing home. One home will be renovated and sold post-approval, while the other will be demolished to optimize site layout.
This project reflects UNI’s core mission — delivering builder-ready, high-demand residential lots through strategic entitlement, efficient project management, and transparent investor operations.
Minimum Investment: $25,000
10% Simple Interest, Paid Monthly (CD-style)
Annual Return: 10%
Cash Flow:
Year 1 – $2,500
Year 2 – $625 (Pro rata) + Return of Capital
Total Return: $28,125
Minimum Investment: $50,000
20% Preferred Interest + Profit Split, Paid as Balloon
Estimated Annual Return: 37%
Cash Flow:
Year 1 – $0
Year 2 – $24,500 + Return of Capital
Total Return: $74,500
Type & Location:
2-acre residential subdivision in Millwood, governed by Spokane County Municipality.
Scope of Work:
15-month entitlement and improvement process
Frontage improvements (sidewalk, curb, gutter)
29’ private road with pedestrian walkway
Wet/dry utility installation
One home renovation and one demolition
Current Status:
Under contract; preliminary development underway; contractor bids in progress.
Feasibility completed July 8, closing scheduled August 28.
Type & Location:
2-acre residential subdivision in Millwood, governed by Spokane County Municipality.
Scope of Work:
15-month entitlement and improvement process
Frontage improvements (sidewalk, curb, gutter)
29’ private road with pedestrian walkway
Wet/dry utility installation
One home renovation and one demolition
Current Status:
Under contract; preliminary development underway; contractor bids in progress.
Feasibility completed July 8, closing scheduled August 28.
Community Appeal:
Millwood offers a small-town atmosphere with easy access to the Spokane River, Centennial Trail, and Arbor Crest Winery. The area’s amenities, parks, and proximity to major routes like I-90 make it an ideal development location.
Market Demand:
Median home value (March 2025): $425,000
Up 1.8% YoY, higher than Spokane County’s median of $389,950
Only 45 active listings in ZIP 99206
Homes spend a median of 40 days on market
Builder Interest:
While no active builder is tied to the parcel yet, the location’s proximity to Vistas at Beacon Hill and Esmeralda Golf Course makes it a high-potential zone for future development.
Capital Allocation:
Investor equity will fund interest, infrastructure, permitting, design, management, and reserves.
Development Phases:
Months 0–10: Entitlements & pre-development approvals
Months 10–12: Infrastructure & demolition
Months 12–15: Final sale of builder-ready lots
Advantages:
✔️ Flat, flexible site
✔️ Strong market demand
✔️ Minimal holding costs
✔️ Long lead time before closing
Challenges:
⚠️ Long plat approval timeline
⚠️ Dependence on one builder sale
⚠️ Potential public works delays
UNI Development targets strong, predictable investor returns through disciplined management, transparent reporting, and efficient project execution.
Total Project Duration: 15 Months
Projected IRR (Class B): ~37%
Every UNI Development project has been personally sourced, entitled, and executed by the General Partner — ensuring full control, accountability, and aligned vision.
While our models reflect a partner-ready structure, each past project was personally funded and operated by UNI’s GP, delivering consistent, data-backed returns across diverse development types.
| Project Name | Type | Non-Financed IRR | Financed IRR (LP) | Money Multiple (LP) | Profit Margin |
|---|---|---|---|---|---|
| Strong Subdivision | 11-Lot Residential Subdivision | 17.90% | 22.84% | 1.41x | 20.36% |
| Blake Buy – Spokane | Buy & Hold (House + ADU + Shop) | 20.70% | 30.32% | 1.70x | 39.38% |
| 4th Subdivision – Spokane | Subdivision + Duplex Hold | 42.00% | 54.69% | 1.72x | 35.97% |
| Roaring Ridge Condos – Bozeman | Residential Condo Development | 13.58% | 15.75% | 1.20x | 16.43% |
Project Name: 11 Lot Subdivision in Five Mile Prairie
Location: 2120 W Strong Road, Spokane, WA 99208
Project Duration: 24 Months
Description:
The Strong Subdivision project is an 11-lot residential long plat located in the highly desirable Five Mile neighborhood of Spokane, Washington. The development includes ten new 5,000 sq. ft. buildable lots and one existing home that is currently leased and will be sold as part of the project. This investment opportunity offers attractive annual returns through both fixed-interest and profit-sharing options.
Project Type: Residential Subdivision (11 Lots)
Location: Five Mile Prairie, Spokane, Washington
Land Features: 10 buildable lots + 1 existing leased home
Neighborhood Highlights:
Top-rated Mead School District
Proximity to Sky Prairie Park, retail centers, dining, and Holy Family Hospital
Quick access to downtown Spokane via Five Mile Park & Ride
Duration: 24-month entitlement and improvement process
Key Deliverables:
Frontage improvements (sidewalks, curbs, gutters)
26-foot private drive with pedestrian walkway
Stormwater infrastructure including a retention pond on Lot 11
Sewer and utility coordination with adjacent development
Delivery of builder-ready lots upon completion
Property acquisition complete
Entitlement work currently underway
Builder interest confirmed with a Letter of Intent and Purchase Agreement already submitted
Strong market fundamentals and sustained housing demand in the Five Mile Prairie area
UNI Development’s Millwood Subdivision project is a 2-acre, 16-lot residential long plat development located in the Spokane metro area.
The plan includes 15 buildable lots (4,500–5,000 sq ft each) and 1 pre-existing home. One home will be renovated and sold post-approval, while the other will be demolished to optimize site layout.
This project reflects UNI’s core mission — delivering builder-ready, high-demand residential lots through strategic entitlement, efficient project management, and transparent investor operations.
Minimum Investment: $25,000
10% Simple Interest, Paid Monthly (CD-style)
Annual Return: 10%
Cash Flow:
Year 1 – $2,500
Year 2 – $625 (Pro rata) + Return of Capital
Total Return: $28,125
Minimum Investment: $50,000
20% Preferred Interest + Profit Split, Paid as Balloon
Estimated Annual Return: 37%
Cash Flow:
Year 1 – $0
Year 2 – $24,500 + Return of Capital
Total Return: $74,500
Type & Location:
2-acre residential subdivision in Millwood, governed by Spokane County Municipality.
Scope of Work:
15-month entitlement and improvement process
Frontage improvements (sidewalk, curb, gutter)
29’ private road with pedestrian walkway
Wet/dry utility installation
One home renovation and one demolition
Current Status:
Under contract; preliminary development underway; contractor bids in progress.
Feasibility completed July 8, closing scheduled August 28.
Type & Location:
2-acre residential subdivision in Millwood, governed by Spokane County Municipality.
Scope of Work:
15-month entitlement and improvement process
Frontage improvements (sidewalk, curb, gutter)
29’ private road with pedestrian walkway
Wet/dry utility installation
One home renovation and one demolition
Current Status:
Under contract; preliminary development underway; contractor bids in progress.
Feasibility completed July 8, closing scheduled August 28.
Community Appeal:
Millwood offers a small-town atmosphere with easy access to the Spokane River, Centennial Trail, and Arbor Crest Winery. The area’s amenities, parks, and proximity to major routes like I-90 make it an ideal development location.
Market Demand:
Median home value (March 2025): $425,000
Up 1.8% YoY, higher than Spokane County’s median of $389,950
Only 45 active listings in ZIP 99206
Homes spend a median of 40 days on market
Builder Interest:
While no active builder is tied to the parcel yet, the location’s proximity to Vistas at Beacon Hill and Esmeralda Golf Course makes it a high-potential zone for future development.
Capital Allocation:
Investor equity will fund interest, infrastructure, permitting, design, management, and reserves.
Development Phases:
Months 0–10: Entitlements & pre-development approvals
Months 10–12: Infrastructure & demolition
Months 12–15: Final sale of builder-ready lots
Advantages:
✔️ Flat, flexible site
✔️ Strong market demand
✔️ Minimal holding costs
✔️ Long lead time before closing
Challenges:
⚠️ Long plat approval timeline
⚠️ Dependence on one builder sale
⚠️ Potential public works delays
UNI Development targets strong, predictable investor returns through disciplined management, transparent reporting, and efficient project execution.
Total Project Duration: 15 Months
Projected IRR (Class B): ~37%