Single Family
Residence with 2 Studio Addition raking in $27,600 in Gross Income Yearly
Also,
Comps
– not rehabbed (wood frame)
109 SW 7th St DELRAY BEACH, FL 33444 SOLD $240K
– not rehabbed (wood frame)
111 SW 2nd St DELRAY BEACH, FL 33444 SOLD $270K
– not rehabbed (wood frame)
Same 3 Unit situation but permited
114 SW 2nd St DELRAY BEACH, FL 33444 SOLD $320k
Cap Rate: 10.55%
Bed/Baths: 5/4
Rented as Followed:
3/2 Main House
rented $1,300 + Util
1- Studio 1/1
rented $500 + Util
2- Studio 1/1
rented $500 + Util
Net Operating Income:
$23,078.00
County: Palm Beach
Total Units: 3
Stories: 1
SqFt (Tot): 1,871
SqFt (Lot): 16,030
Year Built: 1927
Your Cost $218,700
Showing By Appointment Only Call 954-361-4669
Instructions for Viewing Property and Submitting an Offer:
Unless your offer is all cash you need to be approved with a hard money lender and submit proof of funds
or approval letter with the offer.
To view a property, please contact the office at 954-361-4669 to make arrangements to obtain access.
Most of our properties are sold very quickly. We do however take backup contracts.
Because of the deep discounted prices we have negotiated on the properties we resell to investors and the small margins we work off of, there is very little, if any, room for negotiation on our listed prices.
We provide real value and discounted prices on the wholesale properties we offer.
We will be glad to refer any contractors, appraisers, attorneys, property managers, etc. if we are aware of
any in the area of the property; however, you must interview them and make your own decision about
relying on their information or services. We highly recommend getting detailed descriptions in writing with
any vendor used.
Because we usually buy and sell many properties monthly it is extremely important for you to close on the
anticipated closing date in your contract to avoid penalties.
We take each and every offer very seriously.
All offers are subject to prior sales and withdrawals.
Realtors, please remember to include your commission instructions when returning this packet.
Please submit the “Submit Offer” Form on this Page and download the Contract and Addendum Packet.
Once you have completed the contract and addendum please email them to info@nowhomebuyers.com if you need to fax it to us Please Call 954-361-4669 and Fax to 954-634-5755