3BR Home in Lakeland , FL

About This Property

Up/down duplex 2/1 + 1/1, private entries, two kitchens. 1,392 sfon a 9,448 sf double lot. Walking distance to Lakeland Regional Health. Zoned RB-1 (Two-Family), fully conforming. THE DEBT Take over ~Contact for details @ 2.75%. Contact for details/mo with escrow. down payment~$Contact for details liquid reinstatement ~$20K, K, seller $3K,closing ~$3K, plus reserves. Rehab scoped at inspection. THREE WAYS TO EXIT 1. Hold ~Contact for details/mo validated rents, netting ~$655 840/mo stabilized after real expenses. 2. Retail flip $263 $371,000. Cheap debt carries the rehab. $15 40K net. 3. Co-living 5 6 rooms at $208/wk avg = Contact for details 2,430/mo over. PadSplit's own calculator: Contact for details NOI, 15.5% return on cost. FULL TRANSPARENCY: Interior condition is unknown. There's a squatter in place and no interior access, so no one has seen inside. Sold strictly as-is underwrite your rehab conservatively. Two open city HOUSING codecases suggest real deferred maintenance. WHAT YOU'RE TAKING ON Squatter possession is the buyer's post-closing (priced in) City code liens to cure underwrite $5 15K, NEGOTIABLE $7.8K HUD partial claim rides to payoff **NON REFUNDABLE EMD: Contact for details

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