4.49 ACRES IN UNION COUNTY NC (with a barn and creek on the property) I JUST SOLD THE NEIGHBORING LAND

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

Property Details

  • Time to Build
    na
  • State
    nc
  • County
    union
  • City
    monroe
  • GPS
    35.0487727298204,-80.5705758250552
  • Curent Zoning
    AF8 -" janet wells yes its buildable, must conform with RA40 meaning 40 ft setback on the front and back then 15 ft on the sides / there is easement across the property found articulated in the deed"
  • General Elevation
    598
  • Taxes
    $406.11
  • Conveyance
    warranty deed via real estate lawyer
  • Sewer
    "Union County Public Works Email: pwcs@unioncountync.gov Phone: 704-296-4210"
  • Parcel Size (in acres)
    4.49
  • Zip
    28110
  • Title Info
    "GRAHAM MICHAEL GRAHAM MARSHA"
  • Access
    gravel/paved
  • Terrain
    flat./grassy, some trees
  • HOA Fees
    na
  • Power
    electric available
  • Water
    "Union County Public Works Email: pwcs@unioncountync.gov Phone: 704-296-4210"
  • Phone
    na

Transaction Details

Total Transaction Purchase Price (including closing costs): $40k purchase price. closing costs 1200 + survey 1k = 42,200
Anticipated Sale Price: $84,400
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 30 to 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: $84,400 -42,200=42,200/2=21,100 each

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