5201 Yellow Pine Lane, Tamarac, FL 33319

$629,900
: 2,171
SqFt

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List Price: $629,900
MLS: A12102070
Complex Name: Woodlands Sec Five
Status: ACTIVE
Type: Multifamily
Living Area: 2,171

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Property Description

TURNKEY TAMARAC INVESTMENT WITH GOVERNMENT-FUNDED NONPROFIT TENANT IN PLACE. PROPERTY WAS RECENTLY COMPLETELY RENOVATED TO MEET THE TENANT’S HOUSING STANDARDS AND IS CURRENTLY GENERATING $5,495 PER MONTH / $65,940 IN ANNUAL CONTRACTUAL RENT. THIS 5 BEDROOM, 3 BATH SINGLE-FAMILY RESIDENCE OFFERS APPROXIMATELY 2,171 SF OF LIVING AREA ON AN OVERSIZED LOT. TENANT PAYS ELECTRICITY, WATER, SEWER AND TRASH, PROVIDING IMMEDIATE IN-PLACE INCOME WITH NO INITIAL LEASE-UP REQUIRED. EXTENSIVE IMPROVEMENTS AND UPGRADES THROUGHOUT. EXCELLENT OPPORTUNITY FOR INVESTORS AND 1031 EXCHANGE BUYERS SEEKING A STABILIZED SOUTH FLORIDA INCOME-PRODUCING ASSET WITH A GOVERNMENT-FUNDED NONPROFIT TENANT. LEASE AND TENANT INFORMATION AVAILABLE TO QUALIFIED BUYERS. PLEASE DO NOT DISTURB TENANT.

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Additional Information

Days on Market: 5
Style: Duplex, Residential
Association Fee: $129
#Parking Spaces: 2
Year Built: 1970
Development Name: Woodlands Sec Five
#Stories: 1
Construction Type: CBS Construction
Section: 14