Tenanted property for sale in Florida! Fully tenanted and managed cheap Florida property with positive cashflow

Ref: US105
Selling Price: 84 000 USD
Price: £ 54 858 / 81 117 AUD
Area: Florida

Property size: 1757 sq.ft.
Plot size: 10890 ft.
Bedrooms: 4
Garage: Yes

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Description property in usa

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FULLY TENANTED FLORIDA HOME WITH AGREED BUYBACK PRICE!!

4 Bed Detached Villa in South West Florida

Price = 84,000 USD

Fully Tenanted & Professionally managed

FINANCE AVAILABLE... 70% LTV / 5.5% fixed for up to 30 years!

2 year ROI = 47.83%!!

Property4peanuts are excited to offer this exclusive opportunity for our Investors to purchase a recently built, fully tenanted and managed 3 bed villa for only $84,000 USD in beautiful, sunny South West Florida. These properties were sold for over 200,000 USD previously, giving fantastic potential for capital growth as the market recovers.

There are 4 beds in total and 2 bathrooms. This villa was originally sold for 225,000 USD and is now available for only 84,000 USD! This property will provide excellent rental return whilst giving fantastic potential for capital growth as the market recovers.

The tenant, who is in the Marines, is already in place and a BUYBACK price has been agreed for 109,900 USD in 2 years time. The property is fully managed by a local management company and the re-sale price with the rental income gives a 47.83% ROI in 24 months!

Whilst prices have continued to drop over the past 2 years to their current record low levels, it has been said the bottom of the market has now been reached as prices are now 50-60% below the cost to build a similar home and with the combination of high sales activity and lack of new construction in the area, it is resulting in prices now starting to increase presenting a golden opportunity for investors.

These properties come with pre-vetted tenants giving excellent net yields up to 12%. The property management company in place is committed to providing quality service and the highest standard of performance to the owners, buyers, and tenants alike allowing you peace of mind and a ‘hands off’ investment. A number of these properties even come with an optional lease to purchase agreement by the tenant giving a solid exit strategy!

We have a range of 3 bedroom homes available, please see reference US082 for the full list

Location and Local Attractions property in usa

Comfortably away from the pace of everyday life, the area offers the quiet of the Florida countryside coupled with family activities, easy access to the area's international airport and excellent shopping excursions. The famous Fort Myers Beach, Sanibel Island, and Captiva Island are within a short drive and offer beautiful white sandy beaches and pristine natural habitats. The area is the perfect place to enjoy miles of freshwater canals, great fishing, boating, tennis, great golf courses, horseback riding and numerous hiking and biking trails.

Property Taxes are based on the appraised value of each and every property, as property prices have fallen dramatically, property taxes have also fallen. The result of lower property taxes is an increase on your return (yield). Nearby employers include, major retail stores, corporate headquarters, distribution centres, hospitals, universities and industrial areas, ensuring an excellent supply of quality tenants.

Please note, some villas can be bought vacant. Please ask for details.