Beach Lots Ready to Sell APN 142302-3-034-2005 (1 of 2)

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

Property Details

  • Time to Build
    NA
  • State
    Washington
  • County
    Kitsap
  • City
    Port Orchard
  • GPS
    47.4762069097992,-122.524629611098
  • Curent Zoning
    Residential
  • General Elevation
    5
  • Taxes
    $47.4762069097992,-122.524629611098
  • Conveyance
    Warranty Deed
  • Sewer
    Septic with perk test on record
  • Parcel Size (in acres)
    13
  • Zip
    98367
  • Title Info
    John Solomon
  • Access
    Drive up access
  • Terrain
    Beach Front
  • HOA Fees
    NO
  • Power
    Yes
  • Water
    Water line and Water Wells
  • Phone
    Yes

Transaction Details

Total Transaction Purchase Price (including closing costs): $402000
Anticipated Sale Price: $1200000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 180 Days
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 6.25%
Equity Partner Profit Split: 70/30 Investor/Luke%
Anticipated Budget: $1,200,000 - 400,000 = 800,000, 800,000 * .7 = 560,000, 800,000 * .3 = 240,000 @ 1/16th 50,000 * .7 = 35,000

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