BUILDING #7 OF THE CAMDEN CORNERS DEVELOPMENT CONSISTS OF 7 (THREE BEDROOM/THREE BATHROOM) CONDOMINIUMS LOCATED IN THE HEART OF TALLAHASSEE, FL! THIS NEW DEVELOPMENT, BUILT IN 2020, IS THE PERFECT INVESTMENT OPPORTUNITY FOR A BUYER LOOKING TO ACQUIRE A 7-UNIT BUILDING IN THE STATE CAPITAL THAT WILL STAY RENTED ALL YEAR LONG! THIS SALE INCLUDES 6 UNITS IN BUILDING #7 AND 1 UNIT IN BUILDING #2 INSIDE THE GEORGOUS CAMDEN CORNERS DEVELOPMENT! THE SELLER IS OFFERING AMAZING SELLER FINANCING, WHICH MAKES THIS DEAL EVEN BETTER (SEE P.5 FOR FULL DETAILS)! APPROXIMATE SELLER FINACING TERMS ARE AS FOLLOWS: $300,000 DOWN-$360,000, 4.5%-6.0% FIXED IR. INTEREST-ONLY PAYMENTS AND A 4-YEAR BALLOON. EACH UNIT HAS BEEN CAREFULLY CRAFTED TO INCLUDE THE FINEST FINISHES AND TOP-NOTCH AMENITIES! THE BUILDING IS CURRENTLY 100% OCCUPIED WITH BELOW-MARKET RENTAL RATES, GIVING THE BUYER A MASSIVE UPSIDE TO RAISE THE RENTAL RATES! DUE TO MOST OF THE CURRENT LEASES COMING DUE IN THE NEXT 3-6 MONTHS, A BUYER CAN INSTANTLY INCREASE THE RENTAL RATES AND THEIR NOI! SIMILAR 3-BEDROOM/3-BATHROOM UNITS IN THIS AREA ARE RENTING FOR AS MUCH AS $250-$350 PER MONTH MORE THAN THE CURRENT IN-PLACE RENTS! THIS AMAZING OPPORTUNITY ALSO PROVIDES RETURNS THAT MATCH IT'S ELABORATE INTERIORS! BUILDING #7 AT CAMDEN CORNERS BOASTS AN IN-PLACE CASH-ON-CASH RETURN OF APPROXIMATELY 10%, AND A BUYER CAN OBTAIN A CASH-ON-CASH RETURN OF OVER 12%+ BY 2026! THIS AMAZING ASSET CAN BE EASILY MANAGED FROM OUT OF STATE OR BY A LOCAL INVESTOR! SELLER FINANCING DETAILS: DOWN PAYMENT: $300,000- $360,000! FIXED INTEREST RATE: Year 1 (4.5%), Year 2 (5%), Year 3 (5.25%), Year 4 (6.0%). INTEREST-ONLY PAYMENTS OR AN AMORTIZATION OF 30 YEARS BALLOON LENGTH: 4-YEARS THE APPROXIMATE DEBT SERVICE IS AS LOW AS $3,375 PER MONTH! THE BEST PART ABOUT THIS AMAZING INVESTMENT OPPORTUNITY IS THAT ALL OF THE UNITS ARE PART OF A HOMEOWNER'S ASSOCIATION. THE HOA HAS A SET ANNUAL COST OF $2,340 PER UNIT, OR $16,380 TOTAL, FOR THE ENTIRE BUILDING ANNUALLY. IN EXCHANGE FOR THE MONTHLY FEE, THE HOA COVERS ALL REPAIRS TO THE EXTERIOR OF THE BUILDING, INCLUDING BUT NOT LIMITED TO, GARBAGE, LAWN, LANDSCAPING, PLUMBING, INSURANCE INCLUDING WIND AND FLOOD, CAM CHARGES, ALL EXTERIOR BUILDING MAINTENANCE, ROOF REPAIRS, AND ALL HVAC UNITS AT THE PROPERTY. PAYING A SET MONTHLY HOA FEE WILL LIMIT FUTURE EXPENSES AS ALMOST ALL THE REPAIR AND MAINTENANCE EXPENSES WILL COME FROM THIS MONTHLY FEE. THIS CAN HELP THE BUYER LIMIT THE AMOUNT OF POTENTIAL FUTURE REPAIRS, INCLUDING MAJOR REPAIRS ON THE ROOF, HVAC SYSTEMS, AND THE EXTERIOR OF THE BUILDING! WITH THE INTERIOR BEING SO NEW, A BUYER CAN AVOID SPENDING MUCH MONEY ON INTERIOR UPDATES AS WELL! BUILDING AMENITIES INCLUDE BUT ARE NOT LIMITED TO A FULL KITCHEN APPLIANCE PACKAGE, LAWN SERVICE INCLUDED (HOA), FULLY OPERATING HOA ON-SITE, PETS ALLOWED, SECURITY SYSTEM, NEW HVAC SYSTEMS (2020), NEW ROOF (2020), WASHER/DRYER IN EACH UNIT. THE INTERIOR OF THESE UNITS CONSISTS OF 1 MASTER BATHROOM, AN ISLAND KITCHEN, LIVING AREA, 2 UPSTAIRS BEDROOMS, 3 TOTAL BATHROOMS, DESIGNER FINISHES, AND WOOD-LAMINATE FLOORING THROUGHOUT!