🚨🏚️OFF-MARKET SUB 2 ORANGE PARK 4 /3 2,581 SQFT, TWO-STORY ASSUME LOAN & UNLOCK VALUE🏚️🚨

Description

This investment-grade property, a traditional-style single-family residence built in 2008, situated in the desirable Spencer’s Plantation community in Orange Park, presents a compelling blend of functionality and potential. It offers a spacious 2,581 sqft living area, inclusive of 4 bedrooms, 3 bathrooms (2 full, 1 half), alongside modern amenities such as laminate and tile flooring, a primary bathroom with a tub and separate shower. The property ensures year-round comfort with central heating and air conditioning and includes a 2-car attached garage for ample parking and storage. Set on a 6,600 sqft lot and augmented with additional storage structures like a shed, it stands as a noteworthy investment opportunity.

For savvy investors looking for an advantageous acquisition strategy, this property presents a unique “subject to” deal. The buyer can assume the existing loan balance of $390K at a favorable interest rate of 3.75% and mortgage payment of $2,277.37. Additionally, to facilitate the transfer, the buyer is responsible for covering the past due amount of approximately $33K and an assignment fee of $20K. This structure not only provides an immediate investment opportunity but also offers a potentially lucrative pathway to property ownership in a sought-after location, all while maintaining a modest annual HOA fee of $250. This blend of attractive financing terms and property appeal makes it an exceptional opportunity for investors aiming to expand their portfolio with a minimal upfront investment.

Property Details 🏚️
Rehab Level: Cosmetic
Construction: CBS
Electrical Panel: Good Condition
Air Conditioner: Unsure | Good condition
Roof: 10 years
Occupancy: Vacant
Rental Comps 📈
770 Burlwood Ct, Orange Park, FL 32073
$2490/month

720 Turnstone Ct, Orange Park, FL 32073
$2280/month
2755 Spoonbill Trl, Orange Park, FL 32073
$2250/month
Comps 📈
2944 Plum Orchard Dr, Orange Park, FL 32073
11/16/2023 – $380,000
2986 Firethorn Avem Orange Park. FL 32073
12/29/2023 – $380,000