Turn-Key Rental Condo with Tenant!

[Foster Algier]

We have an equity interest in this property and are selling the contract.

http://www.FACSOLD.com/

VISIT OUR WEBSITE and click on WHOLESALE PROPERTIES to see ALL of our properties. Join our email list to receive our daily property list! REALTORS PLEASE DO NOT CALL TO LIST THIS PROPERTY. THANK YOU!

Lake of the Woods Blvd., Unit 204B, Fern Park, FL 32730

INVESTMENT: $59,900

Market Rent: $750-900/month +/-

Rehab: $1,000-3,000 +/-

2 Bedrooms 1 Bath

885 SqFt

Built: 1969

Construction: Block

HOA: $312/mo

Nearly turn-key condo with tenant in place in the Casselberry area! Tenant is currently paying $750/month on a lease through November 2017. She is open to staying, but willing to leave as well. It is at the buyer's discretion.

Condo is in good shape, but the shower is leaking and needs addressed. Also, a couple screens are missing from the patio. Finally, the kitchen cabinets could use updating. Otherwise, this condo currently appears to be in good condition.

Rental comps show that getting $850-900/month here is very reasonable. Condo is definitely undervalued for the subdivision. At a purchase price of under $60K, this makes a great long-term rental!

All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title.

Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier

Broker - Gold Key - G.R.I.

FLA Real Estate Services