Income Property opportunity in Historic Sicilian Village of Chiusa Sclafani.
The property at: Via Orto Sant Antonio, 15, 90033 Chiusa Sclafani PA, consists of two buildings merged into a 340 sqm (3,660 sqft) structure with 3 apartments, 2 public meeting spaces and a traditional kitchen. Two of the apartments have two bedrooms and the third is a ground floor apartment with a single bedroom. The kitchen space on the top floor opens to a north facing terrace with a beautiful view of the village.
Several steps have been taken toward repairs and updated decor. Electrical power access has been upgraded and fiber optic internet access installed. An Architectural Plan has been completed and the Permitted Usage updated.
Notoc SRL, an Italian limited company, owns the property outright (without loans or liens). Notoc also has a functioning, licensed vehicle in Italy and an investment in the development of a website for the property, Notoc.it. Notoc SRL is a wholly owned subsidiary of Southwest Properties SPC, a company in the state of Washington, USA.
Three purchase options will be considered::
- Italian Real Estate purchase for €39,500 plus closing costs (approximately €11,000)
- Purchase of Notoc SRL for €49,000 plus business transfer fees (approximately €4,500)
- Purchase of Southwind Properties SPC for $55,000 (USD) plus approx. $750 (USD) business transfer fees (SWPSPC) and approx. €2,500 business transfer fees (Notoc).
Financing is available for the purchase of Southwind Properties: $22,500 down with balance carried at 6% APR over 10 years.
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