TITLE:
Apartment Land in KY - fully developed
CONTROL:
Partner
VALUE:
$200,000
LOAN:
$50,000
EQUITY:
$150,000
TYPE:
Development
HAVE:
Development Land with all entitlements in place. Road & utilities on site.
ADDRESS:
Meadow Creek Lane, Warsaw, Kentucky
BENEFITS TO NEW OWNER:
Opportunity to build on land that is shovel ready and fully entitled. Seller will joint venture making an initial purchase unnecessary. Loan can be subordinated to a construction loan. Zero cash to get into this deal.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$1,000
NOI:
$-1,000
DEBT SERVICE:
$0
CASH FLOW:
$-1,000
CAP RATE:
0.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$50,000
$0
0%
02/01/2029
No
BENEFITS SOUGHT:
Seller would like to joint venture or will accept a cash-out offer. Seller is very creative and willing to look at almost anything & is not geographically bound.
CAN ADD:
Apartment land in Indianapolis - 2+ acres.
REMARKS:
Seller is an Indiana broker that is very creative and will joint venture, sell outright, or provide seller financing.
COUNSELOR:
Stephan Kline
Kline Properties
1910 E Washington St Ste B
Indianapolis, Indiana, 46201
