4.06 Acre Estate Lot In Cobb County, GA – Buy For $181k… Sell For $300k

Unfortunately this project hasn't been funded on time!

Property Details

  • Time to Build
    N/A
  • State
    Georgia
  • County
    Cobb
  • City
    Kennesaw
  • GPS
    33.9918365477305,-84.6437351709998
  • Curent Zoning
    R20 - Single Family Residential
  • General Elevation
    1,250
  • Taxes
    $2,462 per year
  • Conveyance
    Warranty Deed
  • Sewer
    Available
  • Parcel Size (in acres)
    4.06
  • Zip
    30152
  • Title Info
    Gordon & Malinda Mortin
  • Access
    Beaumont Drive NW
  • Terrain
    Rolling slope
  • HOA Fees
    N/A
  • Power
    Available
  • Water
    Available
  • Phone
    Available

Transaction Details

Total Transaction Purchase Price (including closing costs): $183,000
Anticipated Sale Price: $300,000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 150 days
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: 40/60 (40 + return of capital to Funding Partner if sold within 90 days on market)... 50/50 (if sold beyond 90 days)%
Anticipated Budget: $300,000 - 180,500 - 2,500 (CC) - 18,000 (6% Realtor fee) = 99,000. Funding Partner Receives: 39,600 (at 40%) plus return of capital… or 49,500 (at 50%) plus return of capital
Miscellaneous Option 1: Seeking one or more funding partners for this property. When expressing your interest in this property, please indicate the amount of funding you would like to provide.

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