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.