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This month's special:
For Sale (#12323)
Stuart Investment Property (Duplex) -
2649 SE Amherst St., Stuart, FL 34997
Asking Price: $125,000.00
Value: $203,000.00
Savings: $78,000.00
Condition & Income - Property is in good shape. Both sides are 2
bed/1 bath and rented for $750 each, making total montly income $1500. Both tenants are long-time, and their leases
have rolled over to month-to-month at this point. Could use minor cosmetics - paint, carpet/tile. Each side has
window A/C units.
Estimated Expenses - ‘07 taxes were $2,008 (of course, ‘08 taxes will be less as the assessed
value is likely to drop). Current insurance coverage for the whole structure is $1,600 annually. Tenants pay electric;
there are 2 separate meters. Owner pays for trash/water/sewage, which averages $23 per month. Putting these figures
together, you can expect monthly expenses of somewhere around $300, maybe a bit less depending on what the tax assessed value
for 2008 ends up being.
Value - Zillow.com lists value at $203k. All but one current active comparable in MLS listed above
$200k (the exception is a property that needs ALOT of work).
Terms: Cash or hard money/equity only. Must be able to close quickly. Taxes will
be pro-rated at closing.
For more information or to get access inside the property, call Washburn's Investments, LLC @ 772-501-3759 or WashburnLLC@lycos.com
For Sale(#15403)
PORT SAINT LUCIE PROPERTY-
564 SW COLUMBUS DR, PORT SAINT LUCIE FL 34953
PRICE: $129,000.00
SAVINGS: $12,000.00
Condition- Property is in great shape. Built in 1998, it is 1,352 Sqft. 3/2/2. Ready to move in or rent
out!
Estimated Expenses - ‘07 taxes were $1,243 (of course, ‘08 taxes will be less as the assessed
value is likely to drop). Current insurance coverage for the whole structure is $965 annually.
Value - Zillow.com lists value at $141k. All but one current active comparable in MLS listed above
$150k.
Terms: Cash or hard money/equity only. Must be able to close quickly. Taxes will
be pro-rated at closing.
INDIAN RIVER PROPERTY-
1675 2ND CT SW, VERO BEACH, FL 32962
PRICE: $120,140.00
SAVINGS: $0.00
Condition & Income - Property is in good shape. Nice key West style - 2 story home
with metal roof on very high lot on top of the hill. Fresh Paint and new carpeting have been completed. The front porch
and Master bedroom balconies go across the entire front of the home. What a wonderful area to relax and enjoy the awesome
views !!! One of the lowest priced 2 story homes in the subdivision.
Estimated Expenses - ‘07 taxes were $ $1,772.06
(of course, ‘08 taxes will be less as the assessed value is likely to drop). Current insurance coverage
for the whole structure is $1,100 annually.
Value - Zillow.com lists value at $120k. All but one current active comparable in MLS listed above
$120k (the exception is a property that needs ALOT of work).
Terms: Cash or Lenders
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