Description

Investors: Buy today and get $30,000 to $40,000 in equity after settlement costs and fix-ups. This home is located in the Winners Circle development in Montgomery Township, PA, just 45 minutes from downtown Philadelphia. These homes sell for an average of $310,000 and this is an end unit, which typically averages at least $5,000 more. Good area, excellent school district. Easily rentable for $1700 to $1800 per month. Home needs some work, but owners must sell because it's deep in foreclosure. Only offers above $252,000 will be considered, especially based on comp values of $310,000 for the past year, including two sales above $300,000 for similar units in the past 6 months. This is a 3-bedroom, 2 1/2 bath unit with cathedral ceilings, a working, real fireplace and a deck overlooking a private backyard. Unit has central air and nice sized bedrooms. Contact Phil Gimson, Keller Williiams Real Estate, 215-340-5700, ext. 283 or direct at 215-534-3799.

Owner Financing Details

Property will cash flow positively with just 10% down. Should rent for $1700 to $1800 per month.