TAMPA FLORIDA BLOWOUT


DEVELOPER REDUCES PRICE! ALL UNITS 100% RENTED!!!

 

NEW PRICE $12.7 MIL-REDUCED FROM $20 MIL

PURCHASE 158 UNITS & CONTROL THE HOA!!

 

YOU GOT TO MOVE FAST TO TAKE ADVANTAGE OF THIS EXCEPTIONAL DEAL. THIS WON'T LAST LONG!!

 

 

FOR SALE FROM DEVELOPER

Condo Development in the city of Tampa, FL

·          Total Units in Development:   248

·          Available for Purchase:   158 (64%)

·          Offer Price:   $12.7 MIL

·          Studio, 1 & 2 bedrooms:   Unit Matrix Available

·          Unit Sq Ft:   1Bd 775-887 | 2Bd 1,036-1,146 | 3 Bd 1,230-1,340

·          Average Unit Size for Sale :  Total SF for Sale 161,086 or 1,020+ / - SqFt per unit

 

Income and Expense Info: Property is currently 100% rented and producing $0.87 PSF or $140,000+/- monthly. HOA is $0.21 or $34,000+/- monthly and Taxes currently $0.28 PSF or $45,000+/- monthly but should be able to re-negotiate given drop in value. Property cash flows positive $60,000+/- monthly minus management fees and marketing expenses.

 

Common Area Improvements

·          New Sling Pool Furniture

·          Billiard Tables for Clubhouse

·          Re-seal and re-stripe parking lot

·          Paint breezeway floors

Maintenance Includes

·         Concierge service

·         Weekly fitness classes

·         Valet disposal service

·         Water and sewer

·         Pest Control

·         Maintenance to the common areas

·         Property, liability, and flood insurance for the common areas  

Unit Amenities

             ·          9 & 10 foot ceilings

·          Custom crown molding

·          Intrusion alarms

·          Gourmet kitchens

·          Breakfast bar

·          Fully equipped laundry rooms

·          Screened lanais