Amazing rate of return on this recently updated condo in great location! Home has been leased for $700/month for multiple years prior to updates. Many updates done in 2018 including: new floor & carpet, insulation added, New AC unit, washer/dryer hook ups installed, new electric panel, laminate counters, new tub/shower insert & toilet. HOA dues includes exterior maintenance, pool, water, trash, sewer, exterior insurance, lawn maintenance, and roof. A covered parking spot is available for an additional monthly fee. Tenants will enjoy the pool and rec center as well as their close proximity to many shopping and dining options. Nothing wrong w/ property, complex deemed non-conforming & lending standards won't allow traditional financing on this unit. Any potential buyer must be able to pay cash or with a bank line of credit. Pro-forma with estimated rate of return attached in supplements or available upon request. With all expensed accounted for, this property offers an 8.4% cap rate.
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