Possible 2x1 Cash Flow!!

[Foster Algier]

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

http://www.FACSOLD.com/

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Strain Boulevard, Lakeland, FL 33815

INVESTMENT: $39,000

Rehab: $10,000-12,000 +/-

Rent: $750-850/month +/-

3 Bedrooms 2 Bath

1,015 SqFt

Built: 1957

Construction: Frame

HOA: $0/mo

Great income producing home, possible 2x1, with lots of potential, needing just a bit of TLC to make it a nice cash flowing home. Good size home with vaulted ceilings and spacious rooms on a large corner lot. The kitchen will need a bit of work, as well as bathrooms. Some drywall repairs, paint, and minor cosmetics needed. Tile floors throughout most of home appear to be in fairly good shape. Windows are original but seem good with window a/c units. The roof is older but no leaks are apparent. Electrical seems ok. Outside siding needs a good clean/paint, with some minor trim repairs. Yard only needs a basic clean up and trim...the fence is in good shape. There is an opportunity with the detached garage to rent it out separately with a light conversion, some painting, and cleaning.

This property is in a central location. McKee Academy of Technology school is a short 3 blocks away. Location is very close to other schools, shopping, and major highways. Downtown Lakeland is only a few minutes away. Lots of new development going on in the area.

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