“Subject To” / Take over mortgage payments
Two houses sitting on a 1.1 Acre (Separate Entrances)
Main House:
Beds: 5 | Baths: 2 | Sqft: 1,900 | Year Built: 1978
Guest House:
Beds: 2 | Baths: 1 | Sqft: 1,100 | Year Built: 1978
– Down Payment: $110,000
– Principal, Interest, Taxes, Insurance (PITI): $1,915/mo
– Rent Rate: $3800/mo (Combined for both houses)
– Current loan balance: $334,000 for 38 more years
– Conventional loan 3.25% fixed rate
– No HOA
– Estimated Cashflow: $1,900/Mo
Buyer to purchase the property subject to the existing mortgage and take over the mortgage payments. No need to qualify! Two single families in Lakeland FL, sitting on a 1.1 acre with two separate entrances for extra privacy. Both houses were completely renovated 4 years ago inside and out, with stainless appliances, granite countertops, new water heaters, new doors, paint, floors etc. Roof and AC in both units are 4 years old, the guest house had a hurricane damage recently and will need to be fixed. Owner occupied, please do not disturb. Property will be delivered vacant. See more pictures for more information.
Down Payment 110k | Rent Rate $3,800/Mo
Status
Owner Occupied – Do Not Disturb