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Owner Financing - Package of 3 Fully Rented Mobile Homes With Property (South Ft. Myers)

4490 gates rd., ft myers, FL 33908

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4490 gates rd.
available now
Package of 3 Fully Rented Mobile Homes With Deeded Real Estate – 90% Owner Financing. No credit. No Problem.

This is a rare opportunity to own 3 mobile homes with a long and profitable rental history. This is a money maker from day 1.

Their rental incomes are excellent. One unit is $1250 a month. The other two are $900 each, which can be easily increased to $1200 a month each. Only one has a lease ending in Dec, 2024. The other two units are now on month-to-month. The units are on well water, so you can also charge a small fee for well maintenance as the tenants don’t pay for water.

All 3 rentals are located in a great location in South Ft Myers, walking distance to Walmart and terrific shopping and restaurants in a prestigious area. The property is appreciating like crazy in this area which will make your investment worth much more in the future.

The lots are located next to each other and are zoned single family. They have been continuously updated over the last 12 years including recent rebuilt septic systems with macerator pumps, recent well pumps and rebuilt drain fields.

We will provide owner-financing for this deal with just 10% down for 30 years at 9%. Taxes are just about $1000 a year for each unit. There is no insurance needed on these units.

The rents will completely cover your mortgage payment, so this is a great way to build wealth by letting the business pay for the property… This is how the rich build wealth. A $45,000 down payment will net you a profit of over $600,000 as you pay down the mortgage over the years. Add to your retirement or leave the property as a death benefit to your family.

We have owned and managed the properties for over 12 years. This area has been well protected, and no major damage suffered by any of the hurricanes in the last 30 years. We are selling off our assets to retire and travel.

We want to be your bank. Just like a bank, the property remains in our ownership until it is paid off. You will sign a legal documents prepared by an attorney, so the deal is completely binding by both parties. You can only lose the property by not making the mortgage payment. There is a minimum 5 year lock, which means you can payoff the balance of the loan anytime after the first 5 years. The buyer pays a small annual fee for liability insurance. We have other properties financed just like this and can connect you with our buyers who can validate how it works.

We currently have a property manager who has taken care of the property for 8 years and manages the properties and does all the basic repairs for $300 a month for all 3. He is willing to stay on if you would like to run this investment remotely.

The package price for all 3 homes and property is $450,000. Less $45,000 down payment = $405,000 at 9% fixed for 30 years is: $3,258.72. Your monthly rent is $3600 after the rent increases. The property pays for itself.

If interested, call William Breakstone – Breakstone Capital, Inc. show contact info

post id: 7758378518

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