TITLE:
Tennessee Building Lots
CONTROL:
Partner
VALUE:
$150,000
LOAN:
$0
EQUITY:
$150,000
TYPE:
Land
HAVE:
12 residential building lots at Lake Tansi Golf Resort Development in central TN.
ADDRESS:
20 Otami Circle, Crossvile, Tennessee
BENEFITS TO NEW OWNER:
Free and Clear in-fill building lots in a maturing development.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$150
NOI:
$-150
DEBT SERVICE:
$0
CASH FLOW:
$-150
CAP RATE:
0.00%
BENEFITS SOUGHT:
Value-added opportunities; path to cash.
CAN ADD:
A few more lots; a small note perhaps; may take on some debt.
REMARKS:
Will look at other land; take paper or carry financing; will JV build out nice cabin homes for AirBNB rentals.
COUNSELOR:
James Maxfield
Maxfield Real Estate Group
8445 Foraker Court
Mentor, Ohio, 44060
