3 Acre Commercial property on a busy street – buy for 65k sell for 130k

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

Property Details

  • Time to Build
    na
  • State
    Mississippi
  • County
    Harrison
  • City
    gulfport
  • GPS
    30.3846, -89.1013
  • Curent Zoning
    b2- commercial
  • General Elevation
    24 ft
  • Taxes
    $1344.00
  • Conveyance
    warranty Deed
  • Sewer
    provided by city
  • Parcel Size (in acres)
    3.20
  • Zip
    39501
  • Title Info
    PHAM HUONG VAN
  • Access
    Road frontage from 28th st
  • Terrain
    flat
  • HOA Fees
    na
  • Power
    provided by the City (Poles in the area)
  • Water
    provided by city
  • Phone
    yes

Transaction Details

Total Transaction Purchase Price (including closing costs): $65,000 + 1,000 = 66,000
Anticipated Sale Price: $130,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 60-120 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: $130,000 - 65,000 = 65,000 / 2 = 32,500

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