TITLE:
LAND AS OPTION MONEY
CONTROL:
Owner
VALUE:
$125,000
LOAN:
$0
EQUITY:
$125,000
TYPE:
Land
HAVE:
Option money in the form of five contiguous small commercial lots in metro Atlanta, a little less than a quarter acre per parcel. Zoned C1 but could be residential or commercial use.
ADDRESS:
136-144 Ernest Drive, Forest Park, Georgia
BENEFITS TO NEW OWNER:
Receive these lots as option consideration for your deal. Own free and clear 1/4 acre parcels. Buildout or sell to small users or maybe rezone residential. Centrally located in Atlanta MSA. Seller will carry or put down or trade for a note.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$1,570
NOI:
$-1,570
DEBT SERVICE:
$0
CASH FLOW:
$-1,570
CAP RATE:
0.00%
BENEFITS SOUGHT:
Activate equity. Go up, turn to paper, or both.
CAN ADD:
Colorado Cabins, duplexes, 4plex, Notes, land, cash, Commercial buildings in Indiana, MHP in IL, more land
REMARKS:
I am a Buyer with this and additional parcels of land. I would like to give this to your client as an option to purchase or lease their property. This could serve as a down payment or just the right to buy at a certain price for a certain time.
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
