504 Charleston Lane (SOLD)

Brick duplex. One side rented to a long term Section 8 tenant at $700 per month. Other side rented at $650 per month. Can be purchased subject-to existing mortgage. Finders Fee is $2k paid by the buyer.

Current loan balance is approximately $130,153. Monthly mortgage payments PITI are $1,264.49. Mortgage is 30 year fixed at a 6.375% interest rate. Insurance $526 per year. Taxes are $2,434. Behind 3 months on mortgage payment

Tax appraised value of property is $169,900. FMV averages $136k to $178k from zillow 504 Charleston Lane

Here is your chance to purchase an investment property without having to qualify for bank financing! Assume the existing mortgage. All you would need is approximately $8k in cash to purchase this investment property.