Located in the prestigious Subdivision of Red Rock on St. Thomas, Virgin Islands. This villa is waiting for your personal touches. Home is about 95% completed. Owner is motivated to sell! Appraised at 1.9 million. Home is being sold AS IS.
COTTAGE IS COMPLETED AND READY TO BE OCCUPIED.
The current owners of this lovely, contemporary style, three bedroom, 3.5 bathroom home with an additional two bedroom, 1 bathroom cottage are seeking investors to defray the cost of completing it.
THE PROJECTED SALES VALUE UPON COMPLETION IS $2.3 MILLION.
Why are they selling:
The owners have always intended for the home to be an investment property. However, unforeseen hardships have made it difficult to complete construction. They are seeking investors to help complete construction, and then sell the property.
Where is the property located:
The home sits on a half acre of land on St. Thomas, Virgin Islands. It features stunning views of Hans Lollick and the British Virgin Islands, including Jost Van Dyke and is a few minutes drive from one of the most beautiful beaches in the World, Magen's Bay.
How they would like to sell:
Option I
Each investor (up to three total) will invest the amount of $100,0000 towards the completion of the project. In return, the investor will receive 15% ownership of the property and a guaranteed minimum of 100% return on their investment upon sale of the property.
Option II
Each investor (up to three total) will invest the amount of the $75,000 towards the completion of the project and $2,500.00 monthly for 10 months. In return, the investor will receive 15% ownership of the property and a guaranteed minimum of 100% return on their investment upon sale of the property.
NOTE:
If a sole investor contributes $300,000 towards the completion of the project, he or she will receive 49% ownership and a guaranteed minimum of 100% return on his or her investment.
WHEN CAN THE SALE TAKE PLACE:
Investors can become a limited partner in this business investment opportunity immediately (upon signing a legally binding contract) and can receive a return in 6 to 36 months when the property is sold.
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