Property Details
- Time to Build
- none
- State
- Tennessee
- County
- Fentress
- City
- Wilder
- GPS
- 36.320573, -85.035194
- Curent Zoning
- Residential
- General Elevation
- 1650
- Taxes
- $Approx 200/yr
- Conveyance
- Warranty Deed
- Sewer
- Septic required
- Parcel Size (in acres)
- 5.8
- Zip
- 38589
- Title Info
- Owner: Glenn Hoffmann
- Access
- Yes. Dirt/gravel road
- Terrain
- Mountain
- HOA Fees
- $200/yr for road maint
- Power
- Electric at street
- Water
- Well required
- Phone
- Available. Fiber optic internet also available.
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $13,000 |
| Anticipated Sale Price: | $22,500 |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 60-90 days |
| Escrow or Notary Acquisition? | Escrow |
| Escrow or Notary Sale? | Escrow |
| Percent of Funding from Partner Required: | 100% |
| Equity Partner Profit Split: | 70 to funding partner% |
| Anticipated Budget: | $22,500 sale price - 12,000 purchase -1,000 closing costs - 350 marketing = 9150 profit * .7 = 6405 to funding partner |
