Full Description
BPIORF0221: Condominium with 2 bedrooms and 1 bathroom
Short Sale Condominium in Orlando, Florida with Scope for MAJOR Capital Growth
EXISTING TENANT on Long term Rental
CLOSING DATE 18th Feb 2010
TOTAL COST TO PURCHASE, including ALL Fees & Costs: $29,220 / £18,263
INVESTMENT PROPOSITION: Property Price Recovery (with Long-term Rental)
- Purchase Price: $22,500 / £14,063
- Last sold in Oct 2006 for: $146,000 / £91,250
- Estimated Current Market Value (CMV) $87,600 / £54,750
- (based on Case-Schiller indices for Tampa FL)
- Potential Gain (CMV / Purchase Price) 389%
- Potential Gain (CMV / Total Purchase Cost) 300%
Substantial Rental Income and 15% NET Return - Tenant in place with 12-month lease
Property Specification and Features:
- Condominium with 2 Bedrooms and 1 Bathroom.
- Current tenant on 12-month lease wants to stay in property; new 12-month lease to be signed on closing.
- Built in 1987.
- Heated Living Space: 810 sq ft;
- Close to Bus Line; Good long-term rental demand.
For further information or to reserve this property, please contact us immediately
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