SWISS MEADOWS EQUITY DETAIL |
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§ Swiss Meadows ApartmentsThere's $2,031,000 equity. The new owner must pay off or assume a mortgage of $1,869,000.00 at 10.5%, 40 years, ending in 2022. Payments are $16,640.00 per month, insured by FHA, Section 221D4 |
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§ Mortuary…Funeral Business- doing approx. $300,000.00 in annual sales, high profit margin. Owner's value of business is $2,400,000.00. Funeral Home/mortuary building & real estate-owner's vatlue of $1,000,000.00. |
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§ Retail Furniture Store business, including Real EstateRetail Furniture business - real estate included. Business has sales of $1.8 Million annually. Owner's value is $1,600,000.00. |
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§ 73-Acre, Multi-family &
Single Family Development LandThe highest and best use for the properties: Elderly
Life-Estate leases or sales with a potential sellout of $49,065,493.00 over an average of
22.5 years.
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