1030 Silk Oak Ter Apt 101 Apt 101

Description

PINES OF DELRAY. Best value around @$139,500! First floor CORNER 2 bedroom - 2 full bath condominium spanning 1167 square feet under air; QUIET park-like setting in the backyard and the sought after east exposure; 17 foot long eat-in kitchen including a stack washer-dryer; 29 foot long living room/dining area; white tiled kitchen and hallway; "covered" open front patio for your year-round usage; needs some updating and some enhancements; 55+ community- where at least one occupant must be 55+ and co-occupants 18+; $623/month maintenance fee includes water, fiber optic cable, in-unit WIFI, fully funded reserves at apx 15% and usage of 2 clubhouses - 2 heated pools - fitness room - pickleball/tennis/ bocce courts. All roofs were replaced in 2025--all buildings less than 3 stories. INFORMATION FOR INVESTORS/FLIPPERS: (1) Ownership cannot be in the name of a corporation, an LLC, a business trust or business partnership. (2) The professional inspection period is not a "try to flip" period. Accordingly, the inspection period must not exceed 5 business days. (3) The contract cannot be assignable even with the liability of an assignor. Buyer condo approval can take 3-4 weeks and there is not enough time for condo association approval of a substitute buyer. (4) An adult under 55 years of age can be the sole owner of a unit, but must sign a notarized affidavit that they will not occupy the until they reach 55 years of age. (5) A unit must be owned for 18 months for rental eligibility. 6) A business may not be run out of a unit whereby customers or clients come to the unit or to the common grounds of the community. 7) The on-site dumpsters may not be used for construction/renovation debris.

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