80-Note opportunity in the area of South Florida
Bank Note opportunity on Florida
Want to invest in something worth your while? Well than here at USA Lending and Realty we have exactly what you need. With this Bank note opportunity on Florida for a mere $11,370,000. The complex consists of 316 apartment homes located on 10 luxurious tropically landscaped acres at the shore in Florida. It offers beautiful views of the skyline across the lake, and is close enough to the Atlantic Ocean that you can still smell the surf.
This is a condominium complex where each apartment unit is individually owned, but with an on-site professional management and maintenance team. Since units are individually owned, the level of amenities varies considerably from unit to unit. One and two bedroom units are available with fixtures ranging from basic up through granite counter-tops and stainless-steel appliances. 1st, 2nd and 3rd floor units are available, with balconies on the upper-floor units and terrace patios on the 1st floor units.
All units are equipped with individual utility metering, forced-air electric heat and air-conditioning. Comcast cable television and high-speed internet is available throughout the complex. Well lit parking lots, resort-type pool area, functional exercise room and on-site laundry, along with security patrols add to your feelings of comfort and safety.
The units are divided between:
Unit Type Unit SF No. of Units Monthly Rent Annual
1 Br/1 Bath 766 70 $850 $714,000
2 Br/1 Bath 849 29 $950 $330,600
2 Br/2 Bath 1,002 35 $1,050 $441,000
3 Br/2 Bath 1,144 29 $1,200 $417,600
Totals 163 $1,903,200
Additional Income + $90,402
Less Vacancy & Collection Loss - $1,808,040
Total Expenses - $1,114,110
NET OPERATING INCOME $784
With these great prices and outstanding net operating income, no can go wrong on purchasing these great units for the lowest price in Florida. If this is not enough to help you make up your mind on purchasing a place from here than just give UR-COUSIN from USA Lending and Realty a call at 305-754-1000 or 305-967-7200 for more information and maybe even a free showing.
For more information click on the following links:
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