WA Beach Front Lots (1 of 10)

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
    $667.38
  • Conveyance
    Warranty Deed
  • Sewer
    Septic
  • Parcel Size (in acres)
    13
  • Zip
    98367
  • Title Info
    John Solomon
  • Access
    Drive us and see it
  • Terrain
    Beach Front, Low bank walk out onto the beach
  • HOA Fees
    NA
  • Power
    Power line runs down the street through each lot
  • Water
    Water line could support a couple houses there and two water wells that can support all the lots.
  • Phone
    NA

Transaction Details

Total Transaction Purchase Price (including closing costs): $407000
Anticipated Sale Price: $1,110,000
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: 5%
Equity Partner Profit Split: 70/30%
Anticipated Budget: $1,110,000 - 400,000 = 710,000, 710,000 * .70 = 497,000, 710,000 * .30 = 213,000 @ 5% then its 55,500 - 20,000 = 35,500, 35,500 * .7 = 24,850. 35,500 * .3 = 10,650

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