Multi-Family Gold!

[Foster Algier]

http://www.FACSOLD.com/

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SCarolinaAve, Avon Park, FL 33825
PRICE: $62,000

ARV:

Rehab: $20,000 - $25,000 +/-

Rent: $2,000 - $2,200 +/-

Unit 1: 1 Bedroom 1 Bath, 436 Sq Ft

Unit 2: 2 Bedroom 1 Bath, 700 Sq Ft

Unit 3: 2 Bedroom 1 Bath, 746 Sq Ft

Unit 4: 2 Bedroom 1 Bath, 630 Sq Ft +/-

Unit 5: 1 Bedroom 1 Bath, 268 Sq Ft +/-

Built: 1946

Construction: Frame/Stucco

Unit 1: Concrete foundation. Needs a full rehab, tile floors were started but not finished, bees in attic, and needs water heater.

Unit 2: Was rented in its current condition. Minimum rehab is carpets. Possible small roof leak.

Unit 3: Was rented in its current condition. Minimum rehab is carpets.

Unit 4: Was rented in its current condition. Mostly Concrete foundation. Needs two windows, carpets, minor drywall repair, kitchen floor repair.

Unit 5: Mostly Concrete foundation. Was rented in its current condition. Minimum rehab is carpets and water heater.

All units are vacant. 4 of the units were rented in their current condition but will need and 1 unit will need a full rehab. Estimated total rent is $2,100. Unit 1, 2, 3 are sub metered. Units 4 and 5 are on one meter for both water and electrical. 22% CAP 16% CCR.

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 and a special warranty deed. Buyer will be responsible for all closing costs unless otherwise indicated.

Foster Algier, Licensed Real Estate Agent, GRI
Sand Dollar Realty Group, Inc.