Location, location, location - Bulk Buy Condo Deal in Bonita Springs, close to Naples, Florida

Ref: US132
Selling Price: 74 000 USD
Price: £ 48 327 / 71 460 AUD
Area: Florida

Bedrooms: 2

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Description property in usa

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·         Condominiums in South West Florida, near Naples
·         2 and 3 Bed Properties available
·         Condos available vacant or tenanted
·         Gated community
·         Priced way below market value
·         Selling price in 2006 = $180,000
·         Full rental/property management available (if required)
·         Great lifestyle or investment option
·         Close to sandy beaches, shopping malls & airport

The Citadel is a gated community consisting of 66 units. The two and three bedroom Citadel condominiums were being offered individually at $74,000 and $78,600 which is significantly below the current market.

Major discount available for a bulk deal buy of all 11 units in the 66 unit complex.

These condominiums sold for over $180,000 in 2006. In the past 60 day’s two condos in the complex sold for over $92,000. Thus, there is immediate equity in each unit for those who take action now. All of the units are move-in ready. If the buyer desires the unit will be leased prior to closing or the condo can be used as a life style condominium. The majority of the units are occupied by seasonal residents and retirees. The community allows the units to be rented.

The HOA fees are low at only $235 per month and the community is currently up to date on all payments. The community was built in 1986. Thus, the landscaping is mature and the property is well maintained. The private owners take pride in their homes.

Location and Local Attractions property in usa

The development is within minutes of the Coconut Point Mall. The community is ideally located within minutes of all the amenities that typify the Florida lifestyle. Three white sandy beaches (Bonita Beach, Barefoot Beach and Lover’s Key) are all within minutes of the community. If shopping is your pleasure, the Coconut Point Mall is within minutes. This Mediterranean shopping oasis offers over 113 stores and 25 restaurants. It is the centre of the night life for the Bonita area.

The area is rich in education with Florida Gulf Coast University in Estero, Ave Maria in East Naples, Edison State College in Fort Myers, Hodges University with campuses in Naples and Fort Myers, and Nova South Eastern University with recently expanded campus in Fort Myers. The Germain Arena is minutes from the Citadel and is the home of the Florida Everblades ECHL hockey team in the winter and the Florida Firecats arena football team in the summer. Scattered throughout the year, the Germain Arena is also host to various concerts, shows and events such as the Ringling Brothers Barnum and Bailey Circus.

The international airport is minutes from the community. The heart of Naples is about 15 minutes away. Several prestige golf courses are within minutes of the community and there are over 150 courses to choose from in the area.

The condominiums are being sold well below current market due to the lenders needing to sell immediately. The units can be leased if desired prior to closing for $850 to $900 per month. This will provide an immediate yield/positive cash flow for the buyer (approx 7-8% NET). However, the real opportunity is the capital appreciation. As noted, units are currently being sold for more than $92,000. Further the Bonita Springs real estate market continues to improve monthly due to the location and proximately to the beach and cultural facilities.

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 3,000 USD (this is on top of purchase price) - NO ADMIN FEE FOR BULK DEAL!
Fill out reservation form, sign and return
Pay 10% deposit to Tiltle Lawyer Escrow Account
Receive full purchase contrat, sign and return
Receive HUD document to confirm clean title, sign and return
Pay Balance of 90% to Tiltle Lawyer Escrow Account
Pay Closing fees (approx 800-1000 USD)