5.8 Acre Kalamazoo, MI, 49001 – Buy for $75k Sell for $150k

Unfortunately this project hasn't been funded on time!

Property Details

  • Time to Build
    n/a
  • State
    Michigan
  • County
    Kalamazoo
  • City
    Kalamazoo
  • GPS
    42.26248, -85.57027
  • Curent Zoning
    Sfr
  • General Elevation
    784,000
  • Taxes
    $2,830.61
  • Conveyance
    Warranty Deed
  • Sewer
    In the area
  • Parcel Size (in acres)
    5.8
  • Zip
    49001
  • Title Info
    Kulwant Singh
  • Access
    Road Frontage 2 sides
  • Terrain
    Covered in timber
  • HOA Fees
    n/a
  • Power
    Electric in area
  • Water
    city water
  • Phone
    yes

Transaction Details

Total Transaction Purchase Price (including closing costs): $75,000 + 1,100 =76,100.00
Anticipated Sale Price: $150,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 3-6 months
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: 50/50%
Anticipated Budget: $150,000 - 76,100 =73,900.00 / 2 =36,950.00

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