Eco Friendly
Address
152 Denslow Rd East Longmeadow, MA
Price
$ 545,000
Property Attributes
  • MLS#72827189
  • TypeBusiness Op
  • CountyHAMPDEN
  • CityEast Longmeadow
  • Zip01028
  • Style
  • Price$ 545,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Gary White with White Real Estate.
Data Source:
MLSPIN
Property Description

This is an opportunity to partner in the ownership of a 116.26kW(DC) Solar PV system that is already built on top of a rented roof. A properly qualified private Tax Equity Investor (“TEI”) can partner with the Sponsor of this project in a partnership flip structure. The Sponsor and the TEI will be owner-operators of a Single-Purpose Entity LLC (“Project Company”) which shall own 100% of the assets of this Renewable Energy project. Under the proposed partnership flip structure, the TEI will invest approximately $231,625 in equity into the Project in exchange for 100% of the Tax Incentives generated by the Project (estimated value of $315,931) could be realized in the first year of operation. The TEI will also receive a Preferred Rate of Return of 2.0% of their equity investment during the first 5 years. After the first 5 years, 99% of membership interest in the Project Company will ‘flip’ to the Sponsor and the TEI will remain as a limited partner.

Price History
5/6/2021 Listed $545,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 01028

Price
AVG $540K
$550K
Visits
AVG 87
36
Year Built
AVG 2018
2021

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