Real Estate Investments in Fort Lauderdale: # 91 OAKLAND PARK / BROWARD COUNTY / FLORIDA / 1 bedroom 1 bath CONDO TOTALLY UPGRADED / $79,900 / RENTED AT $900 p/month / 7.3 APROX ANNUAL CAP RATE. THIS IS NOT A SHORT SALE, FORECLOSURE, OR BANK. THIS IS A NORMAL SALE! TITLE FREE AND CLEAR. QUICK CLOSING OK ABOUT 15/30 DAYS FROM THE TIME YOUR OFFER WAS ACCEPTED. THIS APARTMENT WAS RECENTLY RENTED IAT $ 950 A MONTH WITH SECTION 8. GREAT CONDITION, NO REPAIRS OR IMPROVEMENTS NEEDED. Condo unit completely upgraded: porcelain floors, stainless steel appliances, contemporary light fixtures, central air conditioning, washing and dryer, screened patio / balcony and much more. Located in Oakland Park, Fort Lauderdale area just a few minutes from I 95 and Florida Turnpike highways. Excellent community gated with 24-hours security. Beautiful complex with a huge lake surrounded by buildings and all the amenities. Located on the ground floor, comprised of living room, kitchen, bathroom and spacious bedroom with double entrance, screened patio, and lots of closets and storage space. The apartment is very bright and is in very good condition. COMPLEX DESCRIPTION: • GEOGRAFIC LOCATION: Located in Fort Lauderdale, Oakland Park, Florida, USA • ACCESS: Very close to highway I95 free way and the Florida Turnpike • COMPLEX: Located in a resort style condominium: Lake Pointe Condominium. • COMPLEX DETAILS: Gated community, flexible association and investor friendly. CAN RENT RIGHT AFTER PURCHASE, ALL AGES OK. • AMENITIES: 2 Club houses, 2 swimming pools, 4 tennis courts, BBQs overlooking the lake, gated security gate and security patrol 24 Hs. The lake itself makes the heart of the complex. UNIT DESCRIPTION: • Bedroom: 1 with double entrance and walk in closet with the same porcelain flooring as the rest of the department. • BATHROOM: 1 bathroom fully recycled with modern vanity, tub walls Travertine Marble, nickel and chrome faucets. • KITCHEN: Complete and recycled with wooden kitchen cabinets, stainless steel appliances: refrigerator with ice maker, glass top stove with electric oven, dishwasher, hood, etc. • PARQUING SPACES: YES, one space assigned plus guest spaces. • AIR CONDITIONING: Yes, central unit with heating with new digital thermostat. • Hot water tank: Yes, electric, brand new. • LAUNDRY: Yes, with stackable washer and dryer. • 720 square feet • FLOOR: Brand new porcelain floors throughout the unit • IMPROVEMENTS: This unit does not need improvements since it was recently upgraded and is offered with 90 days warranty. • YEAR BUILT: 1984, redone at condo conversion in 2005 • PRE-CRISIS HISTORY: In the same complex, same types of apartments were sold in 2006 for $ 140,000 approximately. •ASKING PRICE: $ 79,900 • INCOME: Currently rented at $ 900 a month with Section 8 until 08/31/2014 • HOA FEE : $ 334 a month. • PROPERTY TAX: Aprox $900 a year. • POTENCIAL NET OPERATING INCOME: $ 5,892 a year. • POTENCIAL ANNUAL CAP RATE: 7.3% OUR SERVICE: CREATIVE Real Estate & Projects, LLC offers full service to foreign investors including property management services, leasing service, resale and much more. If you need accounting advice and services, we can refer you to our affiliates accounting professionals. HABLAMOS ESPAÑOL. For more information, feel free to contact me and schedule a future appointment at my office. Marcelo Dalle Nogare Licensed Real Estate Broker CREATIVE Real Estate & Projects, LLC Investments sales - residential rentals - property management 15 NW 7th Ave Fort Lauderdale, Florida 33311 Office: 954.317.3681 Fax: 1.888.470.678 dallenogarepropiedades/propiedades-/miami/-91-miami--fort-lauderdale--usa--departa
Posted on: Fri, 22 Nov 2013 20:14:40 +0000
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