Investment opportunity in South Pratt! This 3-bedroom, 1-bathroom single-family home offers approximately 1,308 sq ft of living space on a 4,500 sq ft lot. Built in 1940, it features a fireplace and wood frame construction. While it requires some renovations, the property's size and location make it an excellent candidate for rental income or resale after improvements.
- As-Is Sale: Property is offered for sale “AS IS, WHERE IS.” Buyer is responsible for all inspections and due diligence prior to purchase.
- Closing Costs: Closing costs are not included in the sale price and must be paid by the buyer.
- Attorney Fees: All legal fees are paid directly to the attorney. Typical attorney fees are approximately $1,000.
- Website Fee: A $850 website fee will be added to closing costs and must be paid by the buyer.
- Financing Options: For buyers using direct financing (promissory note or rent-to-own agreement), a closing fee of 2.5 points will apply.
- Down Payment Requirement: All financing options require a minimum down payment of 10%.
- Non-Refundable Deposit: Any deposit or down payment made to secure the property is non-refundable.
- The financing structures offered here **do not qualify as consumer loans** and are **not intended for the purchase of a primary residence**, as defined under the Dodd-Frank Act.
- Buyers who intend to occupy the property as their **primary residence** must explicitly disclose this intention and **will be subject to additional legal requirements**, including income verification, ability-to-repay analysis, and other limitations imposed by federal law.
- Cash Discount: Buyers paying in full can use promo code CASH2025 for the cash price option.
- Tenant-Occupied Properties: Some properties may be sold with existing tenants. Seller will provide records of rental payments received up to the month prior to closing. However, Seller does not guarantee future rental payments, tenant performance, or continued occupancy after the sale.
- Leased Properties: Properties that are currently leased are available cash offer only. Financing options do not apply to tenant-occupied homes.
- Clear Title Properties: If a property already has a clear title, this will be disclosed. These transactions must close through Priority Title.
- Redemption Period: Properties are either within the redemption period or past the redemption period under tax deed rules.
- If the property is still in the redemption period, buyers must confirm with Seller how much time remains and whether Seller has possession of the property.
- If the redemption period has expired, the next step is to initiate a quiet title action (clearing the title) in order to obtain full marketable title.
- Seller Possession: Most of our properties are currently under Seller’s possession, and their redemption periods have already begun.