Property Details
- Time to Build
- No limit
- State
- Tennessee
- County
- Lauderdale
- City
- Mason
- GPS
- 35.434131, -89.500115
- Curent Zoning
- Residential
- General Elevation
- 333
- Taxes
- $105
- Conveyance
- Warranty deed
- Sewer
- Needs Septic
- Parcel Size (in acres)
- 2.46
- Zip
- 38049
- Title Info
- Owned by a couple who has died. I have worked out an affadvit of heirship with the only heir in advance of contract signing. Title is informed and will handle, so this should not be an impediment to purchase.
- Access
- Paved county road
- Terrain
- Flat, field
- HOA Fees
- none
- Power
- Yes
- Water
- Yes
- Phone
- Yes
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $9922.22 |
| Anticipated Sale Price: | $25000 |
| 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: | $25,000-9,922.22=15077.78 gross margin. 7,538.89 profit per partner. |
