5.19 Acres in Cleveland County, NC – Buy for 30K, Sell for $60K

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

Property Details

  • Time to Build
  • State
    North Carolina
  • County
  • City
  • GPS
    35.30731, -81.69489
  • Curent Zoning
  • General Elevation
  • Taxes
  • Conveyance
    Warranty Deed
  • Sewer
    Septic Needed
  • Parcel Size (in acres)
  • Zip
  • Title Info
    Donald Joseph Allen / Colleen McBrayer Allen
  • Access
    State Maintained Road
  • Terrain
    Slightly rolling with a few relatively flat build sites
  • HOA Fees
  • Power
    Available at Property Line
  • Water
    Cleveland County Water
  • Phone
    Service Available

Transaction Details

Total Transaction Purchase Price (including closing costs): $30000
Anticipated Sale Price: $60000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 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: $60K sale price -5K commissions - 30K total COGS = 25K gross profit, 50% to equity partner = 12.5K, 50% to sponsor at 12.5K

Previous picture Next picture Close gallery
No backers yet!
No new updates

Project Partnered