This is a sweet rental. Subject To Deal! Purchase this one with subject to and a seller carry creative finance deal. Put only 35k down payment and take over the payments for this seller without using your credit or any other loans. The current tenant is paying $1000 per month and is moving at the end of July. Market rents with little to no upgrades would be $1300-1500. Roof and water heater were replaced in 2018. We negotiated a takeover of the 1st position loan with a payment of ~$580/mo and a second position seller carry with no payments for 2 years. This will be a nice heavy cash-flow property or a flip!

Pictures: https://drive.google.com/drive/folders/1-yFzWvcYHqmS6H2k-_CLXgPpq-91MaHI?usp=sharing

pp 115k

Estimated ARV: 185k+

Built: 1952

Sq Ft: 1310

Beds: 3 Baths: 2

COE 3/30/2023

EMD $5,000

CoC: 15% at current rent - 27%+ at market rents

PLEASE READ:

• No wholesalers or daisy chains
• Verbal offer required to inspect
• POF required to inspect
• Cash offers only
• Terms below are non-negotiable

❗❗❗ Please Note: The below terms are NON-NEGOTIABLE.  If they do not work for you or your company, please do not offer on this deal and move on

• $5,000 Non-Refundable EMD to be wired to our preferred title company/atty within 24 hours of signing the assignment/PSA. 
• Buyer to pay all closing costs, seller to pay prorated taxes and transfer prorated rent/security deposit if applicable
• All offers must be cash, hard money, or private money.
• Closing to be with Bowen’s Preferred Attorney
• Wholesalers / Agents are not to market this deal without KMD’s permission.
• At this time we are not open to JV’ing this property
• Agents please add your commission ON TOP of our asking price.
• DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller.