REAL ESTATE  INVESTMENT PROPERTY
1344-1346 NW 12th Street
HOMESTEAD FLORIDA, 33030

JUST RENOVATED INSIDE !

Available for purchase.

For Sale by Owner
Has moved North, MUST SELL!

With two sides rented, income is $1,400 / month at current market.

Reduced BELOW market value !

$165,000

Agents Welcome

Bring all resonable offers!

I don't want to be a long distance land lord !!

Two scenarios for qualified buyers.

1) If you are looking for a small home to live in that comes with income to supplement the mortgage payments this is your opportunity to live at less than half the cost of a single home.  

2) Investment Property. I have two mortgages which combined would be about what a new single mortgage would cost. With both units rented, allowing for tax and insurance I make about $6,000 per year income on this property. If you have cash to invest to avoid taxes on a lump sum, this may be a great opportunity for you. The specifics of your mortage may vary.

The front unit is rented and pays $800 cash.  Rear unit recently vacated by owner and is available for rent. Should pay more than front due to features. Expect close to $6,000 yearly income after paying mortgage and expenses. Double that if you pay cash.

These include: A detached work shop 12' x 24' with about 190 lineal feet of sturdy built in wood shelving in the rear 1/3 of the shop, 50 AMP electric, A/C, main work bench plus built in bench for drill press and grinder. Single piece all vinyl floor to keep it light and easy to clean. Walls inclosed with masonite and peg board. Dade County Approved Prefab building rated 150 MPH. It came through hurricane Wilma without so much as a scratch....same storm toppled large tree in front yard. Shed is also wired for two-line phones, cable TV and computer network for internet access. There is a wood deck between the house and shed.  Windows have steel bars for security.

The rear living unit has been painted and updated with new, quality ceiling fans. A demand water heater means no running out of water...and it saves 65% on the cost of hot water because it only runs when hot water is needed and does not have to keep a tank full hot all the time. Range and double door refrigerator are included. There is even a nice 4 x 8 raised bed garden in the rear for your vegetables or flowers. Every room has an outlet for two-line phones, cable TV and ethernet ( internet computer network ). Ample closet space !

2 Bed Rooms, Bath, Living room, Kitchen, Laundry room with hookups.

All windows on the main house feature aluminum storm panels for added protection in a storm. Both front and back yards are fully fenced with lockable gates. There is paved road access to both front and rear and paved parking inside the fence in the rear. Both units have laundry hookups.  In addition to Cable TV from Comcast there is a good TV antenna on a 20 mast which can serve both front and rear units.

Note: Unit is not furnished. Below photos taken when owner resided in rear unit.

UPDATE: Interiors of both front and rear units just underwent major re-hab. Completely repaired and painted and ready for occupancy

Investors:

• House: 1571 Sq Ft. Land: 6,107 Sq Ft
• Detached Workshop: 288 Sq Ft ( 12 x 24 )
• Income: $1,600 +/- per month current rate.
• Taxes 2007: $2,300 +\-
• Insurance: $1,075
• Folio: 10-7812-018-0471

Financing Available for almost all buyers through Financial South Corp.

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Contact Information:

Paul Kruger
132 Park Ave.
Interlachen FL 32148
386-546-3779
( Cell phone. Please call between 9AM and 9PM )

CONTACT OWNER TODAY