Handyman Specials and Fixer-Uppers

Handyman Special in Arcadia....   $27,999

Recently Repossessed:

4b/1b wood-framed on 1/2 acre in Nocatee.
2419 SW CO RD 760A
Fenced Yard. New Well
Presently rented for $550 per month to a steady family.

NOCATEE (south of Arcadia off hwy. 17): 4 bedroom, 1 bathroom, 1,020 sf base (1,350 sf total), wood frame construction. 0.48 acres. Yard is partially fenced. Property across driveway not fenced. Selling price is below county assessed value of $31,504.00 I sold this property (owner financed) in 2006 for $65,000. The buyer defaulted last year, and I took back the deed in lieu of forclosure. At that time we had a new well dug, and did some repairs/painting for renting.

There is a steady tenant in place with an annual lease. Rent is $550.00 per month. Two family members receive a government check (I believe disability). They deposit the rent promptly to my Suntrust bank account on the first of the month. They take care of yard maintance and any minor repairs. I charge lower than competative rents to keep my rentals fully occupied. The house could use some work (windows, siding, carpentry), but when I considered making improvements, and raising the rent, I calculated better cash flow as-is. Your mileage may vary. Real estate taxes PAID for 2009: $752.84

Directions: From Bradenton: I-75, exit SR70/Arcadia head east into Arcadia, right on Hwy 17, left on CR760A, home will be on the right just past RCMA.
Directions: From Sarasota: I-75, exit SR72/Arcadia head east into Arcadia, right on SR70, right on Hwy 17, left on CR760A, home will be on the right just past RCMA.

$27,999

(remodeling... click HERE)