Lakeland Home with Potential-3/1.5!

[Foster Algier]

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

http://www.FACSOLD.com/

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Hempstead Dr, Lakeland, FL 33801

INVESTMENT: $55,000

ARV: $95,000-100,000 +/-

Rent Rehab: $5,000-7,000 +/-

Flip Rehab:$15,000-18,000+/-

3 Bedroom 1.5 Bath

910 SqFt

Built: 1961

Construction: Block

HOA:$0

Rents: $750-900 +/-

Nice block home with couple of possibiltles. To rent, needs paint, light misc cosmetics and clean up. Minor repairs to kitchen and bath. To flip, an updated kitchen and baths, updated flooring, and outside paint, landscaping will be needed. Home has tile/laminate in walking areas and carpet in bedrooms. An enclosed porch is a nice open area which could be a nice family room, etc. Central A/C is present, needs ot be checked ad roof is in good shape. Also windows are in good condition. Outside, minor trim, and tightening the landscape will go a long way. Nice quiet street, very close to schools, shopping and transportation. Downtown Lakeland is only minutes away and the new Polytechnic University is about 15 min away. Taxes = $1,070/yr

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, Licensed Real Estate Agent, GRI

Real Estate Investment Source of Central Florida LLC