Investment Opportunity 16.3% gross CAP rate is unheard in Orlando area, Major renovation has been done: rebuilt foundation in Kitchen, re-planked all floor, repaired all plumbing, entirely repainted, brand new kitchen cabinets. Additional cosmetic upgrade can be negotiated. $88,000 is for AS IS CASH only, if financed SELLER WILL PAY FOR CLOSING COST AND PARTICIPATE TO DOWN PAYMENT REQUIREMENT and make all required adjustments and price will reflect the additional cost. This unit can be rented for a monthly $1,200. Cash cow for investor. This wont last, EASY TO SHOW.
Listing courtesy of L & L COMMERCIAL REAL ESTATE LLC.
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