TITLE:
Cleared for development, and delivered with LOMA and Level
CONTROL:
Exclusive
VALUE:
$900,000
LOAN:
$0
EQUITY:
$900,000
TYPE:
Land
HAVE:
5.13 Acres in High Demographic desirable area next in line to develop. Owners are preparing for your project with FEMA LOMA's filed and all prior structures, asphalt, and trees cleared. Owners will deliver level, and with LOMA approved.
WEBSITE URL:
ADDRESS:
12998 W Kellogg Drive, Wichita, Kansas
BENEFITS TO NEW OWNER:
Easy access from Feeder Road entrance just 250 Ft before the site. On the easy in and out going home traffic flow, local neighborhood needs dry cleaners, nail salon, hair stylist, insurance agents, North view of peaceful lake with walking paths.
GROSS SCHEDULED INCOME:
$338,967 Projected
VACANCY LOSS:
$33,896
GROSS EFFECTIVE INCOME:
$305,071
EXPENSES:
$104,489
NOI:
$200,582
DEBT SERVICE:
$151,138
CASH FLOW:
$49,444
CAP RATE:
22.29%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$0
$0
0%
12/31/1969
No
LOAN 2
$0
$0
0%
12/31/1969
No
BENEFITS SOUGHT:
Hopes to 1031 into larger asset, ownership is LLC that consists of 3 brothers, all wish to roll up in value
CAN ADD:
Share your idea, and let's ask!
REMARKS:
Owners will complete LOMA, and clearing plus level the site for development, Buyer must determine location of retention pond that suite their use and development plans. Otherwise it will be shovel ready per their engineer.
Traffic Count 27,784-35,002
COUNSELOR:
Sheri Dawn Proctor
BHGRE Wostal Realty
245 N Waco, Suite 160
Wichita, Kansas, 67202
