Multi Unit (4 bedroom) Quad-plex located in Fort Myers. Excellent NET return of over 18% per year!
Ref: US110
Selling Price: 92 000 USD
Price: £ 60 082 / 88 843 AUD
Area: Florida
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Property size: 2690 sq.ft.
Bedrooms: 4
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This Foreclosure Quad-plex / multi unit property is located in Fort Myers, SW Florida. It is being sold tenanted, with guaranteed rent via a local housing association.
It offers a unique opportunity to purchase an ideal investment product… a hassle free, hands off, buy-to-let property in a good, middle class residential area. The property consists of four 1 bedroom units – 4 separate units in total.
Long term tenants will be placed who will furnish the property and therefore normally stay for a number of years. The property is fully managed by local rental/property management company.
The property offers a very High NET yield of 18.39%, with an annual cash profit of 16,920 USD, an unbelievable return on investment. Finance is not available on multi-unit properties.
The property is large, at 2690 sq ft and was built in 1988. It will under-go full renovation (up to “code”) before the tenants move in.
One of the great things about buying in America, is the simple buying process from anywhere in the world.
- Reserve by paying an Admin fee of 3,500 USD (this is on top of purchase price).
- Pay 10% deposit to Tiltle Lawyer Escrow Account.
- Receive full purchase contract, sign and return along with HUD document which proves clean title.
- Pay Balance of 90% to Tiltle Lawyer Escrow Account.
- Pay Closing fees (approx $1000-1200).
Send enquiry | 
01/30/2011