TITLE:
TWO R3 LOTS (MOTEL ADJACENT)
CONTROL:
Owner
VALUE:
$145,000
LOAN:
$0
EQUITY:
$145,000
TYPE:
Land
HAVE:
two contiguous level buildable R3 Lots adjacent to the Joshua Tree Ranch House Motel (61589 Division St, Joshua Tree. Ca 92252) in mkt book.
each lot is approx 80 x 175. all utilities in street except sewer (septic required)
ADDRESS:
61615 Division St, Joshua Tree,, California
BENEFITS TO NEW OWNER:
best if owned by buyer/taker of JT Ranch House Motel (adjacent) for expansion / future development
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$4,500
NOI:
$-4,500
DEBT SERVICE:
$0
CASH FLOW:
$-4,500
CAP RATE:
0.00%
BENEFITS SOUGHT:
owned by Self Directed IRA: down and out OWC or take paper on other RE
CAN ADD:
Motel adjacent. in book.
cash/ paper/ equities in book
REMARKS:
price based on one year old CMA. Will update :Local market is strong and appreciating. JT National Park attracts over 3M visitors a year and these lots are near the park entrance.
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
