432 61st Ave., St. Petersburg, FL 33703

Sweet investment property, that will easily rent for $1,300 a month and will garner a whopping $600+ a month... NET... in rental income, and $8,000 annually. The CAP Rate and Rate of Return are 11%, giving you an approximate 9 year break even point. The two houses to the left are 2 story, new construction. The neighborhood is being revitalized! For a rental, you need to do almost zero to it to make it rent-ready. Just clean it up and fill in/remove the above-ground pool. AC needs fixing as well. As a rehab, it'll need updating, also. Seller is a wholesaler, who is selling his equity interest in the property via an assignment of contract. Terms: Showings by appointment ONLY; Property is owner-occupied. DO NOT bother owner. A non-refundable (except for clouded title), non-negotiable earnest money deposit of $5,000 is required, by certified check, money order or wire transfer. Buyer is responsible for ALL closing costs (approx. 2% of purchase price). Seller reserves right to choose title company or closing attorney. Buyer is responsible for any pro-rated taxes due. Close date is 1/30/18, and is firm.