Property Details
- Time to Build
- None
- State
- Nevada
- County
- Washoe
- City
- Reno
- GPS
- 39.3707439036516,-119.750150463777
- Curent Zoning
- Residential - Low Density Suburban
- General Elevation
- 5,000
- Taxes
- $319.00 each
- Conveyance
- Self- Close
- Sewer
- Houses next door - within 100 ft
- Parcel Size (in acres)
- 1 acre each
- Zip
- 89521
- Title Info
- Redfield Foundatoin
- Access
- Excellent - right at property, paved to gravel.
- Terrain
- Gentle slope
- HOA Fees
- None
- Power
- Electricity nearby - houses next door
- Water
- One lot down
- Phone
- Yes
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $46,000 |
| Anticipated Sale Price: | $210,000 (70 each) |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 120 days |
| Escrow or Notary Acquisition? | Notary Acquisition |
| Escrow or Notary Sale? | Escrow |
| Percent of Funding from Partner Required: | 90 (40K)% |
| Equity Partner Profit Split: | 50/50% |
| Anticipated Budget: | $210K - 46K = 164K /2 = 82K profit each |
