8 Value Income Producing Properties 11,217 square feet $1,436,500 / $128 per square foot Historic High $219 per square foot Replacement Value $185 per square foot Selling at 58% of Historic High Selling at 69% of Replacement Value 6.97% overall CAP Includes 2 year guaranteed rental income 2 year LJR Repair Program Requires 2 year TSG Property Management contract Property Types: TCB023- townhouse TCD037- townhouse TCD038 townhouse TCB024- condo TCD039- condo TCD040 condo TCD041 condo LEP007 multifamily (duplex)
60 leased condominium units within a 416 unit community consisting of 18 residential buildings build in 1989 and converted in 2005. Units Include: 1bed/1bath - 2bed/1bath - 2bed/2bath - 3 bed/2bath Community has, in addition to assign parking spaces for all units, 126 separate enclosed garages in 17 different buildings. These garages are limited common elements appurtenant to some of the units. Community amenities: -Spa -2 Swimming Pools -Tennis Courts -Fitness Center THE OPPORTUNITY: Total of 67,088 sq. ft. offered at $ 7,931,240 ($118 per sq.ft.) During the last cycle, the offering sold at $214 per sq. ft. Currently replacement value is estimated at $185 per sg. ft. Transactions 4 years ago were at $58 sq. ft. THE OFFERING IS AT: 55% of recent highest value 63% of replacement cost 103% over value four years ago
Location, Location, Location delivers remarkable returns on this eleven unit apartment complex LOCATED 4 BLOCKS WEST of THE UNIVERSITY of TAMPA. In July, 2012 the existing structure was painstakingly rebuilt to comply with current codes and standards. The building exterior was removed leaving only the framing. The interior was completely removed. The entire structure was then rebuilt with all new structural, mechanical, electrical and plumbing systems. The roof was replaced with a metal roof. The interior of each unit was rebuilt with a new kitchen, bathroom, laundry closet, flooring fixtures and finishes. The courtyard was updated with xeriscaping, new walks, decorative fencing, gated entrance and bike racks. The units located on the north and south sides of the building have fenced courtyards. Each unit has one bedroom and one bathroom and is approximately 540 sq. ft.
3-Unit Apartment | 2 of 3 Units Leased. New patio in 2010. Recent updates. Turnkey property. Professional management available. Great proximity to downtown Tampa in Tampa Heights community. Features a 2/2 a 1/1 and a studio apartment, renting between $495-830 per month. Cost Analysis Performed as Rental Property In: Rent - $23,700.00 Out: (Annual) Actual Taxes - $598.00 (Annual) Estimated Insurance - $1,322.00 (Annual) Property Management (Optional) - $1,896.00 (Annual) Estimated Utilities/Lawn/Misc - $2,280.00 Total Costs - $6,096.00 Net: $17,604.00 Earn: Total yearly net equates to - $17,604.00 Total monthly gross equates to - $1,975.00
TRUSTEE'S SALE: This is truly a rare opportunity to purchase a 32 unit apartment building dirt cheap! Vacant. All 1/1's. This is a STEAL! It's the lowest price per unit apartment complex in the State! A similar property also needing the same type of rehab just closed at $20,000 per door. Another apartment complex, diagonally across the street from ours just came on the market for $50,000.00 per unit! Someone will make a HUGE profit on this one, or keep it and enjoy a phenomenal Cash Flow! Needs moderate rehab including kitchens, bathrooms, A/C's, floor covering, paint, etc. Estimated cost of rehab $8,000 - $10,000 per unit. Local pull station fire alarms. Will show a 14% CAP once rehabbed and rented @ $500 per month per unit! Highest and best use is Student Housing! 3 blocks from FAMU and 5 minutes from FSU. Call today for rehab list and pro forma. This one won't last. We have a commitment for a Purchase/Rehab Loan of at least $400,000 for the Buyer! We can also refer you to a great property manager and excellent tradesman who'll get the job done on time and within budget! Don't let this opportunity pass you by. Call TODAY!
The main building has 7 - 1 bed/1 bath apartments and a studio. There is a tri-plex with 2 bed/ 1 bath units. The 3rd structure is a 2bed/1 bath house and can be converted to a 1 bed/1 bath with an office. Renovated / refurbished and rehabbed throughout. New Plumbing, Electric, A/C, double pane glass windows, Insulation, drywall and refurbished roofs. All new Kitchens, Bathrooms, and Floors. On site parking , included utilities, barbecue Tiki area and a courtesy laundry room, which could be changed into coin laundry for additional income.
The property totals 25 units -all 1bed' s/1bath's an amazing opportunity with upside potential this will make it a cashcow once stabilized re-Tiled all units, re roofed all units in 2006, New paving and recently placed on city sewer in 2010. There also exists on the site a extra/bonus building that is currently being used for maintenance storage. This could easily be converted into another large unit to Rent or the space could be converted into a neighborhood Coin operated Laundry facility (which is in high demand). This building would require $ for the interior build-out. Water & Sewer and electric are stubbed to the building. Property had passed 40 year inspection and seller will do financing %75 LTV for 3 years balloon at %6-7 simple interest with no prepay penalty amortized over 30 years. average rent of $175.00 per week. Average of Expenses are as follows which Seller will verify upon execution of a contract:: Electric - $1,350/mo. Water/Sewer - $2000/mo. Taxes - $1,566/mo. Garbage- $ 307/mo. Maintenance $ 700/mo. Manager- $ 2000/mo. Total $7,923 ($95,000 annually) Call for inspections and meeting with current manager asap.
Wow, a 12% return property. Great location and stable renters. Fantastic investor income producing property package!! A total of 18 units are being offered at this price. There are six duplex properties with 12 units, and an additional 6 single units included.These units are located within minutes of Anna Maria Island beaches and downtown Bradenton. Some units have been completely remodeled. This is an excellent rental location. Great opportunity for an absentee owner or someone looking to expand their holdings. Best buy on the market for income producing properties!! Not only is this property being sold at a great 9% return, the HOA takes care of the roof and outside of the home, which greatly reduces your expenses. All 18 units are deed as single condominium units, which allows the buyer to resell these individually in the future. Do not wait on this one!!
Price Upon Req.6,536 SF
Auction of this Custom Tuscan Style, 2-story Estate Home is scheduled for Tuesday, February 10, 2015 @ 11am, Onsite. - Would be a great investment - inside of the home needs to be re-finished. - 5 bedrooms / 5 full and 1 half bathroom - Located across from the Intracoastal Waterway - Magnificent Views! - Total of 8,134+/- SF, 6,536+/ SF under air - Located in the exclusive historic Gruber Carlberg subdivision - Custom Guest House over garage with private entry Please contact us for details and terms