OVER 70% DISCOUNT FROM PEAK PRICING!
Tenants in place approx $1000 per month
This is a heavily discounted condo deal in Tampa Florida that we have negotiated direct from the sellers. In December 2009, this property was completely locked up to a bulk buyer purchasing the remaining 125 units. Due to the buyers inability to arrange financing, the deal has fallen through and has been offered to us based upon minimum 20 unit purchase. You are able purchase one unit or all twenty units. This deal is exclusive to us and will not become available to the general public. The property was built in 1996 of concrete block construction and is a Class A condo development located in the rapidly growing New Tampa area. The development is located less than 5 miles from the university of South Florida. Founded in 1956, University of South Florida is the ninth-largest university in the USA and the third largest in the state of Florida, with a total enrollment of 46,174 as of the fall 2008 semester. As you can see from the rent roll, the rents achieved in the immediate area are very stable and as the New Tampa area continues to expand, property values will only rise. This is an opportunity to enter into the distressed Florida Property Market at bulk pricing along with locking in a 10% net return on capital.
| Overview |
| Tampa Palms is a centrally located condominium community in within the master-planned Tampa Palms community just South of where Bruce B. Downs crosses I-75. One of several New Tampa condo conversions the past few years, the community has the benefit of being walking distance to restaurants and shops and is minutes from USF, University Community Hospital and Veterans Hospital. The brand new Wiregrass Mall is only 10 minutes away which includes a Macy’s, Coach, Yamato Japanese Steakhouse and Sushi Bar, and an 800,000 Sq Foot outdoor skating rink.Condominium residences include one, two and three bedrooms and are generously sized from 887 to 1,340 square feet and garages with remote access controls are available. Residents enjoy common area amenities including remote control security entrance gates, a fully equipped and luxurious club house with a gourmet kitchen, media centre, indoor air conditioned racquet ball court and state of the art fitness centre, a resort style swimming pool with lounge area and separate spa, concierge service, lighted tennis courts, car care centre and valet disposal service. Individual condominiums have 20 x 20 porcelain floor tile, 9 to 10 foot ceilings with crown moulding, intrusion alarms, screened lanais, fire protection system, gourmet kitchens with double kitchen sinks, breakfast bar and full size washers and dryers and walk-in closets. |
| Amenities: |
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Each residence offers you exclusive membership to the
“Tiffany Club” a private resident-only center featuring First-Class Concierge Service State-of-the-Art Health Club Weekly Fitness Classes Designer Catering Kitchen Social Bar Media & Entertainment Lounge with Plasma Screen Indoor Air-Conditioned Racquetball Also Included: Interior: |
| Investment figures |
2 bed/2 bath – B1 Floor Plan Monthly Rental - $1000 Monthly HOA – $220 Property Taxes – $100 Rent management - $80 Monthly Net Income – $600 ($7200 per annum or 10% net return) |
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contact us for more information at (001) 321 251 7904.
These will sell fast! Martin McGill |