3961 NE 10th Ave. Oakland Park, Florida 33334 | Deal Of The Week

3961 NE 10th Ave. Oakland Park, Florida 33334 | Deal Of The Week

If you’re a landlord type or someone looking to generate an income from your real estate endeavors, then this deal is certainly for you. This is one of those seldom seen properties. What if I told you that you could buy a property on the North East side of town that would afford you the opportunity to achieve a cash on cash ROI of over 18%? Would that get your attention?

This property is a REAL 5 bedroom, 3 bath home in a great rental neighborhood. Although it qualifies for a Section 8 rental amount of nearly $2,500.00 per month, it’s not located in your “typical” Section 8 neighborhood.

Now to sweeten the deal, what if I told you that you didn’t even have to do so much as sweep? If you buy this property you can rent it tomorrow! You won’t even have to swing a hammer once nor buy any paint. Buy it today, and rent it tomorrow. This is how rental property is supposed to be. Forget all the lame infomercial BS about buying dumpo properties, fixing them up and then renting or selling. In this market you could go broke doing that.

Today’s savvy real estate investor knows that the profit is in the income. And this puppy has the potential for some serious revenue. Here’s a quick down and dirty video we shot at the property:

Another HUGE feature of this property is that it’s zoned for 5 units and it actually has the land available to take advantage of the zoning. The property sits on an enormous, corner lot where there is more than ample room to add additional units if you are so inclined.

The property has NO code violations. No liens. Is not a foreclosure and is not a short sale. In other words…it’s a landlord’s dream opportunity. Make an offer quickly as this one surely won’t last.

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NO CONTRACTS ACCEPTED WITHOUT DEPOSIT (CASHIER’S CHECK)

Terms Of The Deal: Minimum deposit in the amount of $5,000.00 will be submitted with any offer in the form of a cashiers check made. Please understand that the closing must take place within 20 calendar days of written acceptance of contract. Once you have completed inspections and are ready to make an offer, we will send you the contract for your review and execution. Please return the contract with the cashiers check.

Inspection Period: Most of these properties are sold in “As-Is” condition. No repairs, alterations or improvements will be made. If you need to inspect the property please do so BEFORE you put in an offer. Call us at 954-616-5325 or email us to make mutually agreeable inspection arrangements.

Note to Realtors: If you are a Realtor please be advised that we do not pay commission. If you want commission it must be added to the price you quote your buyer. Our price is net to us. For example if we are seeking $75,000.00 , you will not be paid a percentage of that amount. If you desire to make your customary 3%, you must add it to the price of the property. That is to say that if we show a price of $75,000.00 and you have a buyer then you would add your 3% to your buyer’s purchase price or in this instance you would quote your buyer $77,250.00.

Disclaimer: Unless otherwise stated above herein, this property is NOT being offered by a licensed Realtor.

If you have any questions about this property please call us at 954-616-5325 or email us.