PRICE REDUCED!!!!....Motivated Seller!
Comparable multi-unit properties in Naples:
$136,000 - $189,000 range.......w/ little to NO updates performed.
REFRESHED:
This is a Great Multi-unit property w/a Positive Cash Flow, Located in a prime area of the Village of Naples.
Updates:
New 25 Year Rubber Roof in 2006
New Carrier Furnace in 2006
New Hot water heater in 2006
New Kitchen Stoves (3) in 2006
New Pressure Treated Decks (2) - 2007
Off Street Parking - accommodating up to 8 vehicles
Apt. #1: Complete Refresh: Carpet throughout, Paint through out, New tile in kitchen, New Stove, updated fridge. Bathroom: New tile, toilet, vanity, and fresh paint. Mud-room large 5 x 12 fresh paint...New exterior doors up/ down.
Apt. #2: Complete Refresh: Carpet throughout, Paint through out, New fiberglass floating Vinyl in kitchen, New Stove, updated fridge. Bathroom: New tile, toilet, vanity, and fresh paint. Mud-room large 5 x 12 fresh paint...New exterior doors up/ down.
Apt. #3: Minor Refresh: Paint in Bedroom, New Vinyl in kitchen, New Stove, updated fridge (tenants). Bathroom: New tile, ceiling tiles, exhaust fan and fresh paint.
Apt. #4: Office Space: Minor Refresh: Paint through out, some new ceiling tiles.
Great Reliable Respectable Tenants:
2 long term tenants (1 -5+yrs. / other 2 yrs. and staying) 1yr. leases each and 1 - 6 month (3rd renewal)
Great Opportunity for an
Owner Occupant...
* Assumable Mortgage:
Available for the right Qualified Person. Locked in FIXED rate of 6.75% - $Low Application Fee...Low Closing cost due to this option for the right person. Details can be provided by mortgage organization.
*
Effective May 5th 2008
New Mortgage Regulations for multi-unit property purchases
~ NO PMI/MIP option available for multi-unit property purchases...Don't quote me - check for yourselves! call your Broker!
~ 20% Down minimum for multi-unit property purchase. Don't quote me - check for yourselves! call your Broker!
The Assumable Mortgage looks like a Great Option for those who are looking for a home and an investment.
This Rental Property is an
Absolute Steal based on all the Updates and Positive Cash Flow...
Purely in a Maintenance Mode...
There are No Comparisons in the Town or Village of Naples with the quality of this property especially if you see the prices. Seeing is Believing, Let me walk you through this Solid Investment!
www.owners.com/WTP8228
