BANK REO - BULK SALE ONLY. All existing 14 townhomes and adjacent land for another 18 units are offered at this sale price. Fox Trace is a newly built private community in Callaway! Fox Trace is an upscale community designed and laid out for up of 32 townhomes. 14 Townhomes were completed in 2008 and are 100% leased. Gross annual income is +/-$145,000. Net Operating Income is ESTIMATED to be $91,055. Each townhome has 3 bedrooms and 2 1/2 bathrooms, and a have a 1 car garage. Units have 9' ceilings, ceramic tile in the kitchen and bathrooms, walk-in master closets, and trayed ceilings. An additional 18 units could be built on the adjacent land, which is cleared with all utilities stubbed-out. The townhomes are located on Edwardian Court, and Judy Place off of Mary Ella Avenue. East side of property has frontage on Fox Avenue. Idea for the investor seeking steady cash flow or sell off individual units at a substantial profit. Call for further details.