1.6 Acres Across From a Lake in Chester County, SC

This project has already been successfully funded. New opportunities are added regularly.

Property Details

  • Time to Build
    N/A
  • State
    CA
  • County
    Chester
  • City
    Chester
  • GPS
    34.66354807 -81.25349133
  • Curent Zoning
    RS-1
  • General Elevation
    485
  • Taxes
    $60 for 2022
  • Conveyance
    Deed
  • Sewer
    Septic Needed
  • Parcel Size (in acres)
    1.6
  • Zip
    29706
  • Title Info
    3 Owners on Deed (Mom, Son, Daughter)
  • Access
    County Rd
  • Terrain
    Slight slope but not a problem
  • HOA Fees
    0
  • Power
    At the street
  • Water
    Well needed
  • Phone
    N/A

Transaction Details

Total Transaction Purchase Price (including closing costs): $ 5100 + 60 for current taxes + 800 estimated title & escrow = 6000
Anticipated Sale Price: $17,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 90 days
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: $17000 - 6000 = 11000; after 7% SC non resident tax = 10200. Equity Partner 50% Proceeds, Property Poster 50% of Proceeds)
Miscellaneous Option 1: I have done partner deals with other investors, one being Steve Hodgdon

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