975 N Patencio Rd, Palm Springs, CA 92262
A gem in the desert with a huge usable lot and a great team!
Check out this great opportunity in Palm Springs! We are working with a highly experienced developer and will be converting this 4 bedroom, 3.5 bath into a beautiful 5 bedroom, 4.5 bath and adding about 620 square feet, for a total of 4,000 square feet.
This property sits on a highly desirable lot in a great location. The entire interior and exterior will be highly upgraded along with the outdoor living space, including a great new pool house.
The entire project from start to finish is projected to take 8 months, including marketing time. The quality and finish work of this team has provided them with average days on market of their projects of 15-60 days.
Because of their reputation, they also have 2 potential buyers already interested.
Here are the numbers.
Purchase Price: $1,105,000
Projected Profit: $1,180,000
Total JV Investment Amount: $600,000
(Minimum Investment Amount is $60,000)
Investors Share of the Profit: 50% of projected profit = $591,500!
Projected ROI is 99% in approximately 8 months. That’s 118% annualized!
Hurry, this offering will not last long! Don’t miss out!
We need to close by January 20th!
Minimum can go down if higher investments are contributed, so reach out if you are interested.