Hampton, Virginia Subject to Deal

[Gary Alford]

Great Opportunity to add to your portfolio a well maintained cash-flowing property for only $10k! Check it out

3 bedroom/1 Bath
1,324 sqft
.25 acre corner lot
Market Value: $120-130K
Loan Balance: $103,400
Monthly Payments (PI): $557.83
Monthly rent: $1,144 on a m/m lease but has been there for over 2 years
Section 8 pays $976 and tenant pays remaining $168
Market Rent: $1,000-$1,100
Asking Price: Only $10,000

• This house has new windows that were installed earlier this year and has a transferable warranty.
• Nice wood floors throughout the house
• Well maintained
• Home Warranty fully paid and just renewed.
• Tenant pays all utilities
• Tenant's section 8 just re-approved in August
• Mortgage to be assumed is a Wells Fargo adjustable rate Mortgage and based on the Libor
• All documents can and will be provided to serious buyers
• Must be willing to purchase without visual interior inspection as not to disturb tenant further but can feel free to drive by anytime
• The only thing tenant complained about when viewing property is the patio windows which were not the ones replaced.

This is a contract assignment deal. $2,500 EMD and signed assignment agreement is required to lock up contract. Must be able to close fast and with cash. For further details call or email.

Disclaimer: I am not the owner nor claim to be the owner of said property. I am a contract holder that is willing to sell my position in the transaction. As I provide as much info as I can, due diligence and the decision to purchase is the responsibility of the contract buyer.