5201 Yellow Pine Lane, Tamarac, FL 33319

$629,900

• 2,171 sqft
• Built 1970

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.

Listing courtesy of City Realty Partners, Inc.