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Turn Key Off Market “Subject To” Deal in Sanford Off Lake Mary Blvd.
Get into this property with less than 40% down, and make it a nice “Buy & Hold” for your rental portfolio. This 3 bedroom, 2 bath block home was built in 1980, and offers 1,410 SF of living space with a BRAND NEW ROOF, updated kitchen, a 2 car garage, and a huge backyard. The current tenants take great care of the property. They have been there 7 years and want to stay, and they will pay $1,475/mo. Tenants are requesting to re-tile the showers in both bathrooms and for a new fridge. Property has a Federal Pacific Panel and will need to be switched out. A/C unit was replaced in 2012.
The terms of this deal are as follows:
- $68,500 Cash, Take Over Balance not to Exceed $106,150 Subject To.
- 1st Mortgage – Balance $56,741, Payments $736.28 (PITI), 5.875%, 15 Years 8 Months left from 30 Year Loan.
- 2nd Mortgage – Balance $49,409, Payments $383.97, 4.99%, 15 Years 6 Months left from 20 Year Loan.
Lake Mary Area, Off Market
Est. Rehab: $3,000 -$5,000
Est. Monthly Rent: $1,475
Est. ARV: $220,000
- Address: Anthony Drive, Sanford, Florida 32773
- Price: $175,000
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 3
- Bathrooms: 2
- Garage/Carport: 2 Car Garage
- Total Square Feet: 1410
- Construction Type: Block
- Year Built: 1980