Property Description:
Buy and Hold property that is "HUD" approved (guarenteed rent). Tenant moved out and HUD can place another tenant if you set up paperwork under your name. Property needs about $1000-$1500 of cosmetic repairs (replace 2 interior doors, patch a few small holes, paint deck railings, replace light on backdoor exterior, etc) to be acceptable for someone to move in. Previous rent for this property was $750 with the ability to increase rents to $900. It has .90 acres of cleared land. The Master bedroom has a master suite and a large walk in closet. Minutes from Butterball, LLC where over 1000+ workers pass by the house and often need better housing. It would be a great property to continue to rent to Butterball's employees or either turn it into a daycare since there arent any daycares to service the Butterball employees. The house once was a home daycare before the previous owner passed. Dont let this deal pass by.