Washington Waterfront Development

Unfortunately this project hasn't been funded on time!

Property Details

  • Time to Build
    NA
  • State
    WA
  • County
    Kitsap
  • City
    PORT ORCHARD
  • GPS
    47.475606, -122.524104
  • Curent Zoning
    Residentail
  • General Elevation
    20
  • Taxes
    $4800
  • Conveyance
    Warranty Deed
  • Sewer
    Septic - needs easements to our land to be able to sell them all individually
  • Parcel Size (in acres)
    13
  • Zip
    98367
  • Title Info
    Plain Single Name
  • Access
    Drive up access
  • Terrain
    Waterfront rolling hill
  • HOA Fees
    NA
  • Power
    At the property
  • Water
    2 Water wells in
  • Phone
    At the property

Transaction Details

Total Transaction Purchase Price (including closing costs): $402000
Anticipated Sale Price: $805000
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 270 days
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: 70 with priority return of capital less $10K on each sale counted towards the final 30%
Anticipated Budget: $400000

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