US153 – Low Cost Residential Buy-to-Let Villa with huge 1/2 Acre plot in Lehigh, near Fort Myers, SW Florida
| Ref: US153
Selling Price: 64 900USD |
Property size: 1462 sq.ft.
Plot size: 21780 ft.
Bedrooms: 3
Garage: Yes
Description property in usa
Detached Villa, Lehigh Acres, Florida
3 Bed, 2 Bath Detached Freehold Property
Large Villa = 1462 sq.ft
Huge Plot of ½ Acre (space to add/build in future)
Original Selling price = 325,000 USD!
Built in 2006
Fully furnished as was previously a “show home”
Ideal buy-to-let investment property
Sold tenanted with a tenant in place & fully managed
NET yield of 10%
Monthly Rental Return = 800 USD/month
The Foreign Property Shop is excited to offer this exclusive opportunity for our Investors to purchase a recently built, tenanted, fully managed Villa. There are 3 beds in total and 2 bathrooms. This villa was originally priced at 325,000 USD in 2006 and is now available for only 64,900 USD! This property will provide excellent rental return whilst giving fantastic potential for capital growth as the market recovers.
Whilst prices have continued to drop over the past 2 years to their current record low levels, it has been said the bottom of the market has now been reached as prices are now 50-60% below the cost to build a similar home and with the combination of high sales activity and lack of new construction in the area, it is resulting in prices now starting to increase presenting a golden opportunity for investors.
These properties come with pre-vetted tenants giving excellent net yields of around 10% NET. The property management company in place is committed to providing quality service and the highest standard of performance to the owners, buyers, and tenants alike allowing you peace of mind and a ‘hands off’ investment.
Comfortably away from the pace of everyday life, the area offers the quiet of the Florida countryside coupled with family activities, easy access to the area’s international airport and excellent shopping excursions. The famous Fort Myers Beach, Sanibel Island, and Captiva Island are within a short drive and offer beautiful white sandy beaches and pristine natural habitats. The area is the perfect place to enjoy miles of freshwater canals, great fishing, boating, tennis, great golf courses, horseback riding and numerous hiking and biking trails.
Property Taxes are based on the appraised value of each and every property, as property prices have fallen dramatically, property taxes have also fallen. The result of lower property taxes is an increase on your return (yield). Nearby employers include, major retail stores, corporate headquarters, distribution centres, hospitals, universities and industrial areas, ensuring an excellent supply of quality tenants.
Buying process
Reserve by paying an Admin fee of 3,000 USD (this is on top of purchase price)
Fill out reservation form & pay 10% deposit to Tiltle Lawyer Escrow Account
Receive full purchase contrat, sign and return
Receive HUD document to confirm clean title & pay Balance of 90% to Escrow Account
Pay Closing fees (approx 800-1000 USD)
Living Room
Kitchen
Bedroom 1
More pictures and information available, please email tom@thefps.com
