| Author |
Message |
 Posted: Thu Mar 31, 2005 1:49 am Post subject: Loggerhead Villas - Investor Project |
 |
|
A new investor I am working with from Pennsylvania recently purchased 2 full lots zoned R-2 (duplex) [one with an income producing duplex bringing 3k a month and the other vacant]
The contract price is 880k for both.
market value of the duplex is 650k and the vacant lot is 500k, giving the investor immediate equity of 270k.
The beautiful aspect of this project is that Folly Beach lots go from street to street. We are able to take 2 single family home floor plans and connect them back to back. This will provide the look of a single family beach cottage for both units. They will have unique addresses, private yards, different color siding, personal architectural details, and different street access. All of this will be 2 blocks from the ocean and 1 block from the commercial center.
In-turn we will sell the duplex for $1,100,000
Once we have sold these units we will still have the other R-2 lot with an existing duplex that we can either sell or bulldoze and build 2 more units.
Again, this is completely turn-key for the investor in exchange for the listings of the condominiums. |
|
| Back to top |
|
 |
| Posted: Sun Aug 21, 2005 6:20 pm Post subject: investment opportunity |
|
|
I read your recent post and am very interested in speaking with you about this investment opportunity and any others that you may have a line on. I own an aggressive investment group with six other partners. Please email me your contact information and any other information that will help us get in contact with one another. I look forward to your reply.
Rich |
|
| Back to top |
|
|
|
| Back to top |
|
|
| Posted: Sun Feb 12, 2006 5:35 pm Post subject: |
|
|
| hi Mac, can someone living far away from Folly beach invest in it ? .what are the chances of surging property prices in this area |
|
| Back to top |
|
|
|
|
|
FAQ
Register
Profile
Log in to check your private messages
Log in
843.442.4814 
