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| Jon Greene |
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Email Jon |
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Phone: |
(386) 334-8328 |
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Cell: |
(386) 334-8328 |
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Fax: |
(386) 253-0211 |
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Address:
1290 9th Street, Suite 107
Type: Residential
Style:
Bedrooms: 1
Bathrooms: 1
Size: 610 sq. ft.
Year Built: 1987
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Investor ALERT! This condo has significant cash flow potential! 2nd floor unit with 1 bedroom and 1 bath needing very few repairs in order to bring this to “rental ready.” It has a full kitchen with an open floor plan to the living/dining combo. Washer/Dryer stacked unit is inside the condo and goes with the sale. Hot water heater looks newer and AC may need some repair. The bathroom and kitchen do not look bad and ready to rent. Only cash is good in this condo complex so values have dropped to a historic low. Buy now before financing options become available again. Let’s do some rough math. The condo fee is $200/mo and includes your water bill and insurance, taxes are approx. $50-60/month and at a current market rent of $500/mo that gives you more than a 15% cap rate. Bring your check book… |
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