🏝 13 Units Turnkey | Fort Myers, FL | VALUE ADD!🔥

Description

📈💼🔑Description:
BUNDLE DEAL ONLY!
13 CONDOS | 13 UNITS TOTAL!!!!

Income producing portfolio consisting of THIRTEEN (13) condos within a complex of THIRTY (30) condominiums.
Low monthly condo fees, and tenants pay electric, water, and cable/internet.
All units are rented annually and are fully occupied.
All units are currently occupied with annual leases in place.
Partial remodel in nine out of THIRTEEN (13) units.
Rents are near market value, with room for increase, generating a very healthy NOI.
All tenants are long-term and on annual leases.

Don’t miss out on this rare investment opportunity. Schedule your private showing today.

Property Overview:

(13x) 2 Bed/1 Bath Condo- Built in 1985

(13x) 677 sq ft

Property Highlights:

Stable Cash Flow: All units are rented annually and are currently fully occupied, ensuring a consistent stream of income.

Tenant Responsibility: Tenants cover electric, water, and cable/internet expenses, minimizing landlord overheads.

Low Monthly Fees: Benefit from low monthly condo fees, enhancing your bottom line.

Operational Efficiency: Enjoy hassle-free management with efficient operations and minimal vacancies.

Financial Snapshot:

Revenue Potential: With a Potential Gross Rental Income (PGI) of $188,691 annually, seize the opportunity for substantial returns on your investment.

Expense Management: Operating expenses are diligently managed, with property taxes, HOA fees, and insurance accounted for, ensuring financial stability.

Investment Projection:

Proven Track Record: Historical data indicates a consistent NOI, with a projected $210,325 for the upcoming year, showcasing the reliability of this investment.

Expense Breakdown: Detailed expense breakdown assures transparency and informed decision-making for potential investors.

Tenant Convenience: Tenants’ utilities payments contribute to the property’s financial viability, offering a win-win situation for both landlord and tenants.