Multi Unit / Quad plex buy to let investment property in Fort Myers, Florida

Ref: US115
Selling Price: 97 500 USD
Price: £ 63 674 / 94 154 AUD
Area: Florida

Property size: 2844 sq.ft.
Bedrooms: 6

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Description property in usa

**Download the PDF brochure above for full details**

This Foreclosure Quad-plex / multi unit property is located in Fort Myers, SW Florida. It is being sold renovated and tenanted (included in price above), 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 2 x 1 bedroom units, and 2 x 2 bedroom units – 6 bedroom, and 4 bathroom spread over 4 separate units. 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 17.35%, 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 2844 sq ft and was built in 1986. It will under-go full renovation (up to “code”) including a new roof, before the tenants move in. Renovation and costs involved in placing the tenants are included in the price.

This is an excellent investment opportunity and there is a large demand for these multi-unit properties from worldwide investors.

The example photos below are before renovation, which is due to start around the 26th of May. The work will only take a few weeks and tenants are already lined up. Upon completion of the purchase, tenants will be in place. The purchase process will take approx 4 weeks in total. The property is located in a good residential area, close to shops, schools, hospitals - all amenities etc. It is a desirable rental property for families and individuals.

Buying process

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 to prove clean title.

Pay Balance of 90% to Tiltle Lawyer Escrow Account.

Pay Closing fees (approx $1000-1200).