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Ad Copy/Qualifications Southeast Realty Group, Inc. Nashville, Tennessee Historic Home and Income Property. Lockeland Springs Historic Area Home Remodeled - 3 Bedroom, 2 Bath. Value: $279,500.00 with Lease Income. Price: $207,538.00. Contact: Southeast Realty Group, Inc. email: southeastrealtygroup@gmail.com Tel: 615-306-5109. This Lockeland Springs Property has been remodeled by Developer and Contractor and is offered for $207,538.00 to a prospective buyer based on developer's purchase and sale agreement with owner and the development contract with owner to satisfy substantial contractor and development costs/improvements for which the buyer will benefit. Purchase may be closed by an Assignment of Developer's Purchase and Sale Agreement with owner to Prospective Buyer where total purchase price of the "Assignment" AND Owner payment will be $207,538 OR a prospective purchase and sale agreement contingent on developer's acquisition of title from owner after developer's closing with owner - where, again, the total purchase price to prospective buyer will remain the same - Price: $207,538.00. Rebuild and Lot Value $279,500.00. Purchase price: $207,538.00 based on these terms. Prospective Buyer will acquire an assignment of a developer's Double Net Lease with Income pursuant to the development contract. Property lease and income are assignable to prospective buyer. Contact: Southeast Realty Group, Inc. email: southeastrealtygroup@gmail.com Tel: 615-306-5109. Qualifications: Developer is NOT a broker, realtor, owner of the property. Developer has an agreement with owner to buy the property as a means of satisfying the developer/contractor liens and recoupment of some of the large investments of developer into owner's property. Developer also has contract providing possessory and recoupment interests to developer. This transaction will be subject to a title closing conveying clear title to the developer and satisfying all debts and liens except those disclosed to prospective buyer. Any offering or purchase agreement to or with prospective buyer reading this ad is contingent on any purchase and sale agreement of developer with owner, the terms of the improvement contract with owner, other liens, if any, and the release of any related mortgage holder, if any. Any prospective sale may be contingent on a short sale agreement between owner, developer, and lender if any. [Page 1 of 2] Any prospective sale is contingent upon either release of liens and conveyance of clear title to developer at a closing under the purchase and sale agreement contract between developer and owner to be followed by a closing with "prospective buyer" OR an Assignment Agreement which assigns the developer's P & S Agreement to prospective buyer. Inquiring "prospective buyers" must sign a confidentiality agreement protecting owner, developer, tenants, and the privacy of financial records of owner, lienholders, lessors, lessees, and related parties which acknowledges that this transaction is a "prospective purchase and sale" negotiation contingent upon title acquisition by developer or assignment by developer of said P & S Agreement and other contracts and satisfaction of lienholder interests identified in the developer/owner/lienholder P & S Agreement and/or Developer/Owner contracts. Total Purchase Price to be paid by Prospective Buyer via assignment or contingent prospective sale is the same: - $207,538.00. Notice: The terms above stated are subject to change without notice. The developer makes no other representations express or implied and any other verbal representations are discounted and of no effect. Any offer must be submitted according to the terms of a "Prospective Purchase and Sale Agreement" incorporating the above terms, qualifications, and representations and such other provisions as are legally required. Prospective Buyer's should consult professionals including but not limited to attorneys and accountants. The developer has consulted legal counsel prior to the publication of this advertisement, who represents that the foregoing satisfies the legal notices and representations required and that this is a lawful prospective transaction. No legal counsel is herein provided to the prospective buyer including the foregoing sentence. Prospective buyers should consult with their own legal counsel when entering into negotiations and agreements related to the purchase of and taking title to real estate. Prospective Buyers are responsible for payment of their own attorneys and closing agents. The closing for any transaction arising related to this property shall be by Key Title and Escrow Services, Inc., Mark Kilpatrick, Attorney at Law, Brentwood, Tn. at the location chosen by the developer and owner. Contact: Southeast Realty Group, Inc. email: southeastrealtygroup@gmail.com Tel: 615-306-5109. [Page 2 of 2]





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Property Details

Lockeland Springs

  Nashville

Name TN

Open Home Times Contact 615-306-5109

Community Lockeland Springs Historic

  Single Story

 

Bedrooms 3

Bathrooms 2

Price $ 207,583

Land Size 5000

House Size 1700 sq. feet

Garage no

Parking yes

Status For Sale




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