7.5 Acres Very Cheap in Ok – $7.5k

Unfortunately this project hasn't been funded on time!

Property Details

  • Time to Build
    NA
  • State
    Oklahoma
  • County
    Pottawatomie
  • City
    NA
  • GPS
    -97.0284988319284 35.1696028829635
  • Curent Zoning
    500 - ag, non restricted, no codes or regulations of note, can do as you please
  • General Elevation
    969
  • Taxes
    $52 / year, paid
  • Conveyance
    QCD
  • Sewer
    No
  • Parcel Size (in acres)
    7.5
  • Zip
    74873
  • Title Info
    Paul Cinnamon
  • Access
    Yes
  • Terrain
    Flat and well drained
  • HOA Fees
    No
  • Power
    Up the road
  • Water
    Up the road
  • Phone
    No

Transaction Details

Total Transaction Purchase Price (including closing costs): $7500 + 1500 = 9000
Anticipated Sale Price: $20,000
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: $20,000 - 9,000 = 11,000, 5500 proceeds per party

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