We are a hard money lender that took this property as deed in lieu of foreclosure. Most exterior renovations are already complete, but property is sheel inside and needs new interior buildout. Has great rental income potential. Est on rent for 3/1 is $950 after renovation, 2x 1/1 at $650 & $650 for a meaty $2250 in monthly gross rental income. Property needs new window units, water heaters, some replaced subflooring and entire new interior.
Property is high and dry with no flood insurance required. Asking $75000 as-is. Est $35K to complete and be rent ready with your own crew. Call 727-410-6165 with interest or to make an offer. Buy this property with just $18,750 down plus 2% origination fees and closing costs. Interest rate of 11% interest only for one year.
10517 Huckleberry Cove, Gulfport, MS 39503