TITLE:
4+ Ac Subdivision Project
CONTROL:
Exclusive
VALUE:
$550,000
LOAN:
$0
EQUITY:
$550,000
TYPE:
Land
HAVE:
4.75 acre development property. Recently mapped for four 1+ acre parcels.Then expired. Zoned Residential. Flat, utilities in street. Owner will get map approved again. Appraised value of each 1A lot $380,000 post subdivision.
ADDRESS:
43255 Anza Rd., Temecula, California
BENEFITS TO NEW OWNER:
make a profit by clearing title (removing TD above) and allowing owner to re-map and then develop or sell
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$4,957
NOI:
$-4,957
DEBT SERVICE:
$0
CASH FLOW:
$-4,957
CAP RATE:
0.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$250,000
$0
0%
05/01/2024
No
BENEFITS SOUGHT:
PS breakup. one 50% lives in Princeton NJ, other is my client , Attorney in CA
Please submit anything near NJ will buy with paper.
CAN ADD:
legal fees in CA Eviction, foreclosure, etc. $8000 first tD in book. broker can add other packages in book
REMARKS:
finished project would be four SFR's with 2500-3000 sq.ft. each and FMV of $1.25M to $1.75M ea. ADR's would also be allowed if buyers are O/O. Appraised value of finished lots approx $380,000 each
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
