$14,850 to Each Partner.

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

Property Details

  • Time to Build
    Unlimited
  • State
    Minnesota
  • County
    St. Louis
  • City
    Duluth
  • GPS
    46.9562082230298,-92.1586770932748
  • Curent Zoning
    Multiple Use Non Shore Land
  • General Elevation
    1300
  • Taxes
    $266
  • Conveyance
    Warranty Deed
  • Sewer
    None currently. Will have to be septic.
  • Parcel Size (in acres)
    28.32
  • Zip
    55803
  • Title Info
    Robert O. Bennett
  • Access
    A paved highway runs the length of the property on Westside. An old County Road runs the length of the property on Eastside.
  • Terrain
    Forested, Flat.
  • HOA Fees
    None
  • Power
    Power runs along road on East side of property
  • Water
    None, but will have to be by well.
  • Phone
    Nearby

Transaction Details

Total Transaction Purchase Price (including closing costs): $10,289.75
Anticipated Sale Price: $40,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 30-40 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: $40,000 - 10,300 = 14,850 for each partner
Miscellaneous Option 1: Justin Sliva of Casual Fridays REI consulted on this deal.

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