we are direct to rep

we are direct to rep

add 3% for fees

 

THIS COULD BE BOUGHT FOR LESS THEN SHOWN

 

PROPERTY HIGHLIGHTS

 

FOR SALE FROM DEVELOPER

Condo Development in the city of Tampa , FL

Built 1996

 

·         Total Units in Development:           248

·         Available for Purchase:                   158 (64%)

·         Offer Price:                                         $20,000,000(+) Fees | $126,000 per unit | $124 psf

 

All offers will be considered

(NOT A CAP RATE DEAL - Long Term Hold with Up Side Potential)

·         Studio, 1 & 2 bedrooms:                   Unit Matrix Available

·         Unit SqFt:                                             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.

 

 

FEATURES AND AMENITIES

 

 

 

 

Location

The Property is located in the heart of New Tampa in Tampa , Florida .  Nestled amongst multi-million dollar homes, in a prestigious master-planned community within walking distance to your every need. Enjoy quaint coffee shops, exotic restaurants and active neighborhood parks. Spend the day at famed Clearwater Beach , shop at the International Plaza or watch the New York Yankees in spring training, your chance to enjoy all that Florida has to offer.

 

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
  
• Membership to the exclusive “Tiffany Club”

 

Unit Amenities

 

• 9 & 10 foot ceilings
  
• Custom crown molding
  
• Intrusion alarms
  
• Gourmet kitchens
  
• Breakfast bar
  
• Fully equipped laundry rooms
  
• Screened lanais

NEED A LOAN... http://www.brothers3int.com/loanproducts.html