Description

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*** Back on the market *** 4pt. Inspection shows cloth wiring and partial galvanized piping (home was partially re-piped 2yrs ago.) Insurance may be a problem until items corrected. Seller willing to contribute towards the needed repairs. Buy now AS-IS and get a great rental at a great price. This detached single family home is located in East Seminole Heights! Long-term tenant in place with annual lease paying $1,300. LEASE RUNS UNTIL SEPTEMBER 30TH. The property yields a 5.5% cap rate and over a 13% ROI. If buyer utilizes a 75% LTV loan at 4% interest, the return jumps to 7.3%. Pro forma attached along with LBP and sellers disclosures. This 3/2 home is well laid out with each room offering large windows and space for the family. Tile flooring except in the bedrooms and an inside utility. The large fenced back yard is also a nice feature. This property is just a short drive to some of the hottest spots in Tampa such...