Carrabelle, FL 32322

Features

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Facts

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Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Attention Investors! A 4-unit complex was just renovated in the City of Carrabelle. This convenient location will give occupants easy access to all the amenities Carrabelle has to offer, such as the IGA Grocery store, hardware, restaurants, and more. The building has undergone extensive remodeling, including a new roof, appliances, and paint. It is a concrete structure with concrete walls between the four units. Each unit has three large bedrooms and one and a half bathrooms. The seller will offer financing to qualified buyers. Terms include a 20% down payment, an interest rate of 8.5%, an amortization period of 30 years, and a balloon payment after 10 years. This property is a long-term rental. Annual GRI is $64,800.