TITLE:
Premium Residential Development Tucson Area
CONTROL:
Partner
VALUE:
$4,550,000
LOAN:
$0
EQUITY:
$4,550,000
TYPE:
Development
HAVE:
Beautiful platted development across the road from the Biosphere, 20+ miles north of Tucson in the Catalina Mountain foothills. Originally 61 lots, 38 remaining. HOA running smoothly. Partners dealing with aging and health problems- seek passive role.
ADDRESS:
67848 E. Madison, Oracle, Arizona
BENEFITS TO NEW OWNER:
Great opportunity to benefit from the probable increase in premium home buyers in this region of Arizona. Property values expected to rise.
OTHER FILES:
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$0
CASH FLOW:
$0
CAP RATE:
0.00%
BENEFITS SOUGHT:
More passive home for equity. Five partners, flexible in considering real property, personal property (airplane?) partnership interests etc
CAN ADD:
Potentially could add cash. Or, could use equity as a downpayment and use financing to cash out balance of a purchase such as net leased CRE.
REMARKS:
This development is well underway with good functioning HOA, good roads, culdesacs, water, electricity, security gates etc. The adjoining 154 acres that are not currently in the development might offer long term development opportunities.
COUNSELOR:
Mike Hannon
Lingate Financial
7575 Golden Valley Road Ste 100
Minneapolis, Minnesota, 55427
Phone: 612-719-7307
Email mhannon@lingate.com
