38-Investment property in Coconut Creek Florida
Investment property in Coconut Creek Florida
Thinking about investing on a property? Well now is your chance with this investment property in Coconut Creek Florida. The property has a total of 17 incredible acres of land, which includes tennis courts, swimming pool, and a state of the art gym. This commercial property was built in the year 2000 and was converted in 2005 so it’s new. This investment property in Coconut Creek Florida has a total of 377 units and was sold for $63,000,000 at the time of purchase back in 2005, now you won’t believe what price we have it at; we are selling this commercial property for $10,500,000. Yes 6 times cheaper than the original price. Also available is buying per unit, which you are also able to re sell or lease at any time, making a profit as the market gets more stable.
1/1 800 Sq Ft is appraised value at $170,000 (rents $800-$850/month) and maintenance fee of $131/month. 2/1 945 Sq Ft is appraised value at $279,000 (rents $900-$975/month) and a maintenance fee of $154/month. 2/2 1,075 Sq Ft (rents $1,000-$1,075/month) and maintenance fee of $176/month. This gives you a total of 133,000 Sq Ft available to lease of purchase.
This investment property is made up of 14 Garden-Mediterranean style-three story buildings. It is a gated development with terraces and plenty of parking. The surrounding area is residential and in terms of child security reasons, there is no problem, hundreds of families live around the area, and so have inspired the development of great schools and recreational areas. The development is also close to commercial/shopping malls and famous stores.
Coconut Creek has a very strong occupancy rate when examined from a rental perspective. The security of the area is also extraordinary with a very low crime rates and extremely beautiful with lots of palm trees and Mediterranean style construction. The weather in Florida allows for everyone to enjoy the pool all year long.
If you’re ready to own an investment property in Coconut Creek Florida or just want to purchase/lease one of these incredible units in the property, then just call USA Lending and Realty at 305-754-1000 and we can help you make this opportunity come true.
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