TITLE:
Joint Ownership - New 5 Unit New Resort Rental
CONTROL:
Partner
VALUE:
$700,000
LOAN:
$0
EQUITY:
$700,000
TYPE:
Resort Property
HAVE:
8% Preferred Return
New Construction in Beautiful, Relaxing Resort Area
Ready Summer 2024
ADDRESS:
127 International Village Drive, Helen, Georgia
BENEFITS TO NEW OWNER:
Preferred 8% Return
Experienced Development Partners
Local Management
5 Unit Sample
GROSS SCHEDULED INCOME:
$255,000 Projected
VACANCY LOSS:
$102,000
GROSS EFFECTIVE INCOME:
$153,000
EXPENSES:
$71,710
NOI:
$81,290
DEBT SERVICE:
$0
CASH FLOW:
$81,290
CAP RATE:
11.61%
BENEFITS SOUGHT:
Partner(s) for Development and Construction
CAN ADD:
Can replicate subject to finding a suitable lot.
REMARKS:
This is an opportunity to invest in a small hospitality building in the resort town of Helen, GA, in the Blue Ridge mountains of North Georgia. The Bavarian theme town of Helen, GA has become the 3rd most visited city in the state of Georgia.
COUNSELOR:
Chuck Sutherland
Sutherland Investments
PO Box 110956
Carrollton, Texas, 75011-0956
