2.13 Acre Building Lot in White Oak, NC – Buy for $15K, Sell for $30K

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

Property Details

  • Time to Build
  • State
    North Carolina
  • County
  • City
    White Oak
  • GPS
    34.83339, -78.71915
  • Curent Zoning
  • General Elevation
  • Taxes
  • Conveyance
    Warranty Deed
  • Sewer
    Septic Needed
  • Parcel Size (in acres)
  • Zip
  • Title Info
    Kenneth W Kepner Trust
  • Access
    State Maintained Road
  • Terrain
  • HOA Fees
  • Power
    Available at Property Line
  • Water
    County Water
  • Phone
    Service Available

Transaction Details

Total Transaction Purchase Price (including closing costs): $14,500
Anticipated Sale Price: $33000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 120 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: $33K sale price - 3.3K commissions -14.5K total COGS = 15.2K gross profit, 50% to equity partner = 7.6K, 50% to sponsor = 7.6K

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