TITLE:
TWO VACANT LOTS ADJACENT TO OPERATING MOTEL
CONTROL:
Owner
VALUE:
$150,000
LOAN:
$0
EQUITY:
$150,000
TYPE:
Land
HAVE:
TWO VACANT LOTS, EA 80 X 175, ZONED JT MEDIUM DENSITY RESIDENTIAL: 20 U/AC
WEBSITE URL:
ADDRESS:
61591 DIVISION ST, JOSHUA TREE, California
BENEFITS TO NEW OWNER:
SHOULD BE ACQUIRED WITH ADJOINING MOTEL FOR FUTURE DEVELOPMENT. OR BUILD UP TO 6 UNITS PER LOT NOW
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$450
NOI:
$-450
DEBT SERVICE:
$0
CASH FLOW:
$-450
CAP RATE:
0.00%
BENEFITS SOUGHT:
down and out. owned by SD IRA prefer paper or low mgt RE w small debt. Will lease with option or OWC
CAN ADD:
adjoining motel. corp retreat/campground Wimberley TX,
$103k first TD, all in book. Cash for right deal, other RE, paper
REMARKS:
owned four years soon after we bought the adjoining motel. paid cash. walking distance to all restaurants bars, stores in Joshua Tree. One mile to entrance to National Park with almost 3M visitors a year, many from Europe. Hi desert 1Hr N of Palm Sprngs
COUNSELOR:
Bob Zweig
Peartrei Capital
8502 E. Chapman Ave. #106
Orange, California, 92869
