23 Condo units in Clearwater, Florida with 50% mortgage and grea Clearwater, Pinellas County, Florida, USA 46 Bed House £738,569 | €832,848 | $1,000,000 Request a Currency Exchange Quote Here

Great 23 unit condo development in beautiful setting/ sought after area. The development is offered for sale in good order generating an exellent net income with great potential for capital growth. 50% mortgage available. Fully managed armchair investment

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Property Description ID:6193322

Garden Lakes Condos is located in the popular Clearwater area of Florida. This opportunity comprises a condo devbelopment of 23 two bedroom units which have recently been refurbished both inside and out to ensure minimal maintenance costs in the near future.

21 units are currently tenanted and the remaining 2 units have tenants lined up ready to move in shortly to generate an excellent income and yield.

A 50% mortgage is available so the capital required including mortgage arrangement fees and the normal closing costs is $590,000.

The genuine net yield taking into account all expenditure including mortgage costs is an impressive 11.5%.

Please contact us for brochure, full details, photos, cash flow analysis, etc.

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