140 Minna Ln Unit 101, Merritt Island Florida 32953

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SOLD! SOLD! SOLD!

GREAT RENTAL PORTFOLIO PIECE
2 bed 1 Bath Condo Near Cocoa Beach

140 Minna Ln Unit 101, Merritt Island Florida 32953

Add to your rental portfolio with this 2 Bedroom 1 Bath Ground Floor Condo in Merritt Island, Florida.

WATCH THE VIDEO

YOU PAY ONLY $5,000.00





This unit needs some extra loving at the moment, plus there are a few years of back taxes owed, and unpaid Condo fees. Even with these things you will be looking at a place to park roughly $25k-$30k once complete in a place much safer than any bank.

We are not “showing” this property, there are many images and video we have displayed, all recent. If you want to view the interior you will need a local Real Estate Agent, that you are paying a fee or commission to – we are not offering a commission at this price – and they must contact us for showing instructions.

Additional Costs:

  • Back Taxes: $2,675.04 (thru 12/31/2016)
  • Back Condo Dues Payoff: 50 months at $174.00 – we are working on a reduced payoff – previous negotiation was $5,000 – nothing concrete with the Association as of yet (12/30/2016) – if we are successful we will raise the price – so take advantage of this very low – one time only liquidation price!
  • Repairs Estimate: $8,000 – $10,000 (to get rent ready or to retail)
  • YOU PAY ONLY $5,000.00 TO GET THE QUIT CLAIM DEED

    (or make us an offer)

    CALL TODAY FOR MORE DETAILS

    We Have Over 60 Images To View For Serious Buyers

    Call Jay Ayre at: (407) 376-0005
    or
    Call Don Johnson at: (407) 462-4992



    Realist® report shows AVM as $76,891,
    with a range of $60,744-$93,038

    Frankly, we do not agree with their assessment at this time. In our opinion the retail price will NOT exceed $40,000 to $45,000!!! This is why we are marketing it as a Buy And Hold type property. For the right landlord it should produce a POSITIVE stream of income.

    *Note – Realist® is a tool provided to Orlando area REALTORS® as part of their MLS package. The data is provided by CoreLogic, a third party source. We do not warrant or guarantee any information provided by them whatsoever. Always seek competent legal and/or accounting professionals to assist you in any investment.

    Feel Like Kicking Tires?
    Go See A Car Dealer!
    We Want Professional Investors Here!!!

    Sorry – but …

  • No financing available
  • We do not sell to end-user consumers
  • This house needs an entire rehab.
  • BE SURE TO READ THE LEGAL DISCLAIMER BELOW.

  • Click The DETAILS Tab above to see more features on this house.


    LEGAL DISCLAIMER:

    SOLD AS-IS / WHERE-IS. No warranty is expressed or implied. You are purchasing via a Quit Claim Deed the rights to the County issued Tax Deed. MIS 1600104 LLC, a Florida Limited Liability Company, holds Legal Title to the subject property as an asset. The Down Payment, when/if accepted, is Non-Refundable and is considered Liquidated Damages if Buyer does not perform for any reason whatsoever.

    You will be acquiring this property via a Quit Claim Deed for the rights to the Tax Deed on the property. It is the Buyer's responsibility to pay any and all closing costs, including but not limited to; transfer taxes, recording fees, outstanding taxes, code enforcement fees, and other costs that may be required to remedy for a Quiet Title Action Suit. Seller does not pro-rate any costs, nor pay for any closing or transfer costs. Buyer will need to record deed. Real Estate Agents add your commission on top of any accepted purchase price. This is NOT a homestead property. The Sellers have never lived in or occupied this property. There are back taxes and over-due Condo fees owed on this property that are the Buyers responsibility to remedy. We are not aware of any pending legal actions to recover those taxes and Condo fees at this time.

    Don Johnson (a Principal of MIS 1600104 LLC) is a Florida Licensed Real Estate Broker. I do not represent you in any manner whatsoever in this purchase. You are advised to seek your own representation before making any type of investment by consulting with a Licensed Real Estate Broker, competent legal counsel and/or a Certified Public Accountant.

    Price:$ASSET SOLD USD
    Address:Street: 140 MINNA LN #101
    City:City: Merritt Island
    County:County: Brevard
    State:State: Florida
    Zip Code:Zip Code: 32953
    Year Built:Built: 1964
    Floors:Ground Floor
    Square Feet:775
    Bedrooms:Bedrooms: 2
    Bathrooms:Baths: 1
    Garage:No Garage
    Pool:Community Pool
    Property Type:Condominium
    Condo:Colonial Arms Condo
    Condition:Needs Work
    Construction:Concrete Block Construction
    Exterior:CBC
    Fencing:No Fencing
    Interior:INTERIOR NEEDS WORK
    Flooring:TILED FLOORS
    Heat/Cool:CENTRAL A/C - NEEDS REPLACEMENT
    Lot size:ZERO Lot Line
    Location:CITY - NEAR OCEAN
    Community:NEAR OCEAN
    Inclusions:Condo fees are $149.00 per month
    Parking:ON SITE PARKING
    Rooms:Has dinette area by sliding glass windows for dinner table
    Laundry:Two on-site laundry facilities
    Utilities:ELECTRIC
    Tagged Features:

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