Unique Seller Financing & House-Hacking Opportunity! Very rare opportunity with a contract for deed and the option to assume the loan once the buyer is ready. Terms: 2.75% interest rate | 25-year term | Approx. $2,830 monthly payment | Approx. $397,000 remaining balance. The property is currently pending foreclosure. Buyer to bring approximately $150,000 cash to close, including approximately $145,000 down payment plus $5,000 in closing costs. The $5,000 closing-cost allowance is intended to cover both the buyer's and seller's closing costs. Possession: Buyer will receive possession of the property 30 days after acceptance. Located in a desirable area of Lehi, Utah, with convenient access to I-15. The basement apartment is approximately 90% complete and is already generating approximately $1,000/month in rental income as-is. The property needs some TLC and is being sold as-is and only under the terms described above. Estimated ARV (After Repair Value): $560,000$575,000. Buyer to independently verify all property information, financing terms, rental income, potential ARV, foreclosure status, and possession terms.
Listing courtesy of Equity Real Estate (Premier Elite).
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