Property Details
- Time to Build
- NA
- State
- Michigan
- County
- Muskegon
- City
- Muskegon Township
- GPS
- 43.2202239702234,-86.1537858698579
- Curent Zoning
- R-1 (medium density residential), however there is a chance it can also easily achieve a variance for a small commercial business
- General Elevation
- 610
- Taxes
- $3500
- Conveyance
- Warranty Deed, Notary Close
- Sewer
- City sewer at street
- Parcel Size (in acres)
- .61
- Zip
- 49442
- Title Info
- Clean title history, with vesting warranty deed from 2009 signed by Reginald J Pratt, the same person who signed the Purchase Agreement (both attached)
- Access
- Super easy access - Corner lot by two decent sized roads
- Terrain
- Flat, wooded with some very nice mature tree's yet also easily clearable for a home or business within those trees
- HOA Fees
- NA
- Power
- Electric and Gas at street
- Water
- Water at street
- Phone
- Phone at street
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $5200 |
| Anticipated Sale Price: | $12,000 - 14,000 |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 90 days |
| Escrow or Notary Acquisition? | Notary Acquisition |
| Escrow or Notary Sale? | Notary Sale |
| Percent of Funding from Partner Required: | 100% |
| Equity Partner Profit Split: | 50/50% |
| Anticipated Budget: | $[12,000 - 5200 = 6800 * .5 = 3400] - [14,000 - 5200 = 8800 * .5 = 4400] = 3400 - 4400 |
