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I have a Client looking for JV investors that can invest in a 230+ acres in small town Ohio. Then property has a 18hole golf course. The Property address: 6231 Weaver Road Conneaut, Ohio 44030
Occupancy is 90%
No owner occupancy
Property type is unlimited multi-use... there is no zoning in this township... meaning I can build anything I want... commercial/industrial/residential/entertainment/etc. The plan is to turn this into a 150 lot for RV and entertainment we already have the golf course.
Client is purchasing the property
Purchase price is $1.35MM owner will finance me for $1MM of that purchase price at 4% for 20 years
Closing date in 45 days
Current value has not been assessed... current business gross annually is approximately $130K... operating costs are approximately $30K leaving a profit of approximately $100K annually.
Nothing is owed on the property
Acquisition date would be immediately upon closing and submitting the $350K down payment to the seller. They are looking for investors that can do the 350k. If you are open to JV on this opportunity please let me know.
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