2.78 acres in Gaston county NC (land percs, has survey, portion cleared to build (cost $4,500)

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

Property Details

  • Time to Build
    na
  • State
    nc
  • County
    gaston
  • City
    bessemer
  • GPS
    35.3495475228435,-81.348749464433
  • Curent Zoning
    6.2.1.Residential districts.A.R-1 Single-family limited. The purpose of this district is to accommodate single-family site built and modular construction. The minimum lot size allowed in this district will be dependent on the provision of public or community water and sewer facilities. Although areas may be served with such utilities, most of these areas are located beyond existing or anticipated utility service coverage areas. The minimum lot size for residential uses in this district is therefore larger than in other residential zoning districts
  • General Elevation
    978
  • Taxes
    $222.28
  • Conveyance
    warranty deed
  • Sewer
    BUILD SEPTIC
  • Parcel Size (in acres)
    2.78
  • Zip
    28016
  • Title Info
    ROLLINS GARY AARON & ROLLINS HEATHER
  • Access
    paved road
  • Terrain
    flat
  • HOA Fees
    none
  • Power
    Rutherford Electric Membership Corporation 704-629-6226
  • Water
    na
  • Phone
    na

Transaction Details

Total Transaction Purchase Price (including closing costs): $19,000 + 1000 closing costs=20,000
Anticipated Sale Price: $40,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 90 days to 120 days (honestly i believe less but just putting this to be conservative)
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: $19,000 + 1000 closing costs=20,000 *50%=10,000 each gross profit

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