Multifamily in Port St. Lucie, FL 34983

Floresta Pointe, 554 SE Oceanspray Ter

This is a single family house rented to one tenant. It is a rent house and not a duplex. Lease expires 1/31/20. Buyer takes title subject to the lease. Tenant wants to stay for years. Rent is $1,300 / mo or $15,600 / yr. Taxes $2,340, Fire and liability insurance $500, yard maint. $960. Potential to clear $11,800 annually or 7.2% of sales price. Tenant pays all utilities. 2014 remodel with new roof, A/C, kitchen, new shower, bath updates. New tile in dining area. French doors to porch. Good quality windows. Seller to credit buyer $1,000 for worn flooring in living area. Owner/agent is seeking a 1031 exchange or similarly motivated buyer. Seller has transferable home warranty, covers all equipment and appliances, repair or replace. Seller is only considering full price offers. This house is optimized for rental. Rent was $1,150 in 2015, now $1,300, a 13% increase in 4 years. All appliances convey to buyer. Well maintained property, good tenant. Rare two-car garage on a smaller house. Most smaller houses have one-car garages or carports. 200 SF screened porch with kitchen pass-through. Porch roof is part of the house roof and is not a leaky flat roof like most porches. This is an "as is" sale that comes with a home warranty. Real estate agents, see "Documents" tab for Seller's Disclosure, ECM Service Contract, 4-Point Inspection, and Wind Mit Inspection