TITLE:
RESIDENTIAL LOTS AS DOWN PAYMENT FOR INCOME PROPERTY
CONTROL:
Owner
VALUE:
$496,600
LOAN:
$0
EQUITY:
$496,600
TYPE:
Land
HAVE:
16 developed SFR lots outside of Louisville, Kentucky. Adjacent to Willisburg Lake. Existing homes on the street. Good market for home ownership or for rental. Great location for Airbnb as the site is on the Bourbon Trail. Builder and Management available
WEBSITE URL:
ADDRESS:
Hwy 555, Willisburg Lake, Willisburg, Kentucky
BENEFITS TO NEW OWNER:
Land is developed and ready for new construction today. The location is desirable as it is on the Bourbon Trail.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$2,000
NOI:
$-2,000
DEBT SERVICE:
$0
CASH FLOW:
$-2,000
CAP RATE:
0.00%
BENEFITS SOUGHT:
Exchange into income producing property. Owner can add cash and sign on new debt. Will consider value add or problem properties. Will consider properties up to $7M.
CAN ADD:
Cash. Signature/new debt. Opportunity Zoned property in Amarillo. Commercial land in St. Johns, MI. Retail centers in Amarillo, TX and Jackson, MS.
REMARKS:
Buildable lots with existing homes in immediate area.
COUNSELOR:
Eric Hillenbrand
SEPG Associates LLC
7515 Holliday Drive West
Indianapolis, Indiana, 46240
Cell: 317-590-0638
Email ehillenbrand@ccim.net
