INVESTOR OPPORTUNITY - TURN KEY CASH-FLOWING 5-BEDROOM RENTAL WITH LONG-TERM TENANT IN PLACE! Motivated seller offering this income-producing investment property featuring 5 bedrooms, 2 bathrooms, and approximately 2,190 square feet of heated and cooled living space according to tax records. The property is currently leased at $1,393.20 per month… Read More through a government rental assistance program, providing reliable rental income with a long-term tenant who has occupied the home for approximately six years and desires to remain in place. This property was extensively remodeled in July 2021 and includes a refrigerator, stove, washer, and dryer. Additional improvements include a new HVAC condenser installed and caged in 2022, as well as an ADT security system. The home offers investors an opportunity to acquire a stabilized asset with immediate income and upside potential. HUD Fair Market Rent for the area is currently reported at approximately $2,059 per month, creating future value-add considerations for investors evaluating long-term portfolio growth. The property is being sold strictly AS-IS. Seller will make no repairs. Tenant occupancy provides immediate cash flow from day one. Do not disturb tenant under any circumstances. All photos were taken following the 2021 renovation. Showings will not be available and will only be permitted after an accepted contract, during the due diligence period, and by appointment. Buyer to verify all information deemed important. Rent roll, financials, lease agreement, etc. will be provided upon request. Read Less
Courtesy of Devin Boone, Favor Realty LLC 601-460-1253.
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Source: MLS United
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