36 acre LUCEDALE ms – buy for 62k sell for 140k

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

Property Details

  • Time to Build
    n/a
  • State
    Mississippi
  • County
    George
  • City
    Lucedale
  • GPS
    30.7824*, -88.4276*
  • Curent Zoning
    Residential
  • General Elevation
    172
  • Taxes
    $126.00
  • Conveyance
    warranty deed
  • Sewer
    Provided by city
  • Parcel Size (in acres)
    36.12
  • Zip
    39452
  • Title Info
    NICHOLS TRUST OF 1991
  • Access
    road frontage from Howell Tanner Chapel Rd
  • Terrain
    flat
  • HOA Fees
    n/a
  • Power
    Electric in the area
  • Water
    provided by city
  • Phone
    yes

Transaction Details

Total Transaction Purchase Price (including closing costs): $62,000 + 1,100 = 63,100
Anticipated Sale Price: $140,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 90 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: $140,000 - 62,100 = 77,900 / 2 = 38,950

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