THE JACKSON SPRINGS RESORT IS 3,067 (M.O.L) SQUARE FEET OF PARADISE, WITH OVER 4 PRIVATE BEDROOMS, CONSISTING OF 14 TOTAL BEDS AND 4 BATHROOMS! THIS CONCRETE BLOCK RESORT SITS ON A LARGE DOUBLE LOT IN THE UP-AND-COMING ROCKY POINT NEIGHBORHOOD OF TAMPA, FL! THE RESORT HAS BEEN UPDATED WITH ONLY THE FINEST FINISHES AND FIXTURES THROUGHOUT AND IS IN FANTASTIC CONDITION! THE PROPERTY CURRENTLY HAS A BRAND NEW 5-YEAR (NNN) LEASE IN PLACE THAT INCLUDES RENTAL INCREASES EACH YEAR. THE LEASE, WHICH WILL COMMENCE ON THE DAY OF CLOSING IN 2022, WILL PAY THE BUYER $7,000 PER MONTH INITIALLY AND ONLY INCREASES OVER TIME! THE TENANT IS EXTREMELY STRONG AND HAS BEEN IN THIS BUSINESS FOR OVER 16 YEARS. THEY OWN AND OPERATE OVER 25 PROPERTIES IN THE TAMPA/ST.PETE/CLEARWATER AREA AND HAVE A STRONG TRACK RECORD OF SUCCESS! THEY SPECIALIZE IN SHORT-TERM RENTAL/RESORT PROPERTIES AND HAVE ONE OF THE MOST SUCCESSFUL BUSINESSES IN ALL OF FLORIDA. THE PROPERTY BOASTS AN IN-PLACE CASH-ON-CASH RETURN OF OVER 21%! THIS ONLY GETS BETTER AS THE NNN LEASE WILL INCREASE EACH YEAR! A BUYER CAN EASILY OBTAIN A CAP RATE OF OVER 8.3% AND A CASH-ON-CASH RETURN OF OVER 23% BY EARLY 2023! THE TENANT HAS INVESTED OVER $115,000 OF THEIR OWN FUNDS TO RENOVATE AND UPGRADE THIS AMAZING PROPERTY IN 2022! THIS ONE-OF-A-KIND OPPORTUNITY IS PERFECT FOR AN INVESTOR LOOKING FOR CONSISTENT MONTHLY INCOME IN BEAUTIFUL TAMPA, FL. WITH A LONG-TERM LEASE IN PLACE, WHICH WILL PAY THE OWNER A MINIMUM OF $84,000 ANNUALLY, A BUYER CAN COLLECT MONTHLY RENT FOR THE NEXT 5-YEARS + WITHOUT LIFTING A FINGER! SELLER FINANCING APPROXIMATE TERMS: DOWN PAYMENT: $200,000 FIXED INTEREST RATE: 4.5% INTEREST-ONLY PAYMENTS BALLOON LENGTH: 7- YEARS MONTHLY DEBT SERVICE IS AS LOW AS $3,000 PER MONTH! THE CURRENT TENANT IS RESPONSIBLE FOR ALL REPAIRS AND MAINTENANCE AT THE PROPERTY AS WELL AS ANY OTHER EXPENSE INCURRED AT THE RESORT, OTHER THAN PROPERTY TAX AND PROPERTY INSURANCE, THROUGHOUT THE ENTIRE TERM OF THE LEASE! AT CLOSING, THE TENANT WILL SIGN A BRAND NEW 5-YEAR NNN LEASE STARTING WITH MONTHLY PAYMENTS OF $7,000. THE LEASE PAYMENTS WILL INCREASE BY $250 EACH YEAR, ONLY IMPROVING THE RETURNS FOR THE BUYER! THE TENANT IS RESPONSIBLE FOR ALL EXPENSES AT THE PROPERTY EXCEPT TAXES AND PROPERTY INSURANCE. THIS IS A FANTASTIC HANDS-FREE INVESTMENT WITH AN EXTREMELY STRONG TENANT IN PLACE AT A ONE-OF-A-KIND PROPERTY IN TAMPA, FL! THIS AMAZING RESORT IS IN IMMACULATE CONDITION AND HAS ALL THE FINEST FINISHES, SUCH AS ALL-NEW TILE BATHROOMS AND A CUSTOM MODERN KITCHEN. UPDATED HVAC SYSTEMS, LUXURIOUS MARBLE, AND TILE FLOORING, INTERIOR PAINT, 5+FLAT SCREEN TVS, MINI-GOLF COURSE IN THE BACK YARD, OUTDOOR TV AND SEATING AREA, AND GRILL. THE PROPERTY IS FULLY GATED, WITH A WASHER/DRYER FOR GUESTS TO USE, 4 BEDROOMS THAT SLEEP'S OVER 20 GUESTS, MASSIVE BACKYARD FOR ALL KINDS OF ACTIVITIES! THE OWNER INVESTED OVER $115,000 IN NEW FURNITURE AND INTERIOR UPGRADES INSIDE THE HOUSE AS WELL! ALL UPGRADES, INCLUDING THE NEW FURNITURE AND FIXTURES, WILL CONVEY TO THE BUYER AT CLOSING. THIS IS A ONE-OF-A-KIND OPPORTUNITY TO BUY PRIME REAL ESTATE IN TAMPA, FL THAT WILL PRODUCE INCOME IMMEDIATELY WITHOUT HAVING TO LIFT A FINGER TO MANAGE!
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