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Up for auction is a 2006 2075sf 3-Bedroom, 2-Bath, 2-Car Garage Home, On a 10,000sf lot, Populated Area, Large Front Yard, Large Back Yard, Large Kitchen, Open Floor Plan to Family Room Overlooking Large Lanai, Formal Dining, Wood Cabinets, Tiled Kitchen Floors and Bathroom Floors, in a fully developed area of Lehigh Acres Florida, A full closing with clear title and a full warranty deed and title insurance is offered!
This is an Investors Desirable House that is Currently Rented Producing $900/mth Positive Cash Flow!
OTHERS AVAILABLE LIKE IT for CASH BUYERS ONLY, for under $49,900.00
****NO ASSOCIATION FEES**** ****NO CHINESE DRYWALL**** ****INSPECTED & CERTIFIED****
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Our team purchases between 3 to 4 homes every week for Investors such as yourself, these homes are purchased in Foreclosure so you cannot get prices lower than these, they don't exist. We are currently paying $32-$34 per Square Foot under air (BUT SOON IT WILL ALL CHANGE). As an example a 1300sf home under air, we would be buying it for around $39,000.00. This same 1300sf home sells today (BUT SOON IT WILL ALL CHANGE) for around $65/sf - so this same home will retail today for around $85,000.00. If you wanted to buy and hold until the market corrects itself and home prices in this area go back up, we are also doing this and renting these homes for an average of $900/month. Imagine that - So the whole Investment opportunity right now is a NO-BRAINER! This will not last however because the correction is already upon us, and there is very little time left. Once the current inventory of Bank Owned and Foreclosed homes runs short, the prices will adjust quickly (almost overnight) and will probably go back to normal and settle between $140k-$150k and only the people with Hind-Sight who realize the opportunity will actually seize the moment - many of them will become millionaires.
Our team specializes in this market segment and is buying these homes for a discount from the Banks (We only buy later model - newer homes 2004 and up, between 1300-1800sf under air), sometimes with a Pool. The typical home sold back in 2006 for an average of $250k. Today the buy and hold scenario makes very much sense since the taxes are so low, under $80/mth for most properties. The principal and interest at 5% on a $45k loan is only $250/mth, insurance in this area is another $50/mth. So all together you are paying $390/mth and collecting on an average of $900/mth in rents. When the market corrects itself in two years, you sell this same property conservatively for $125k that you purchased for $45k and you pocket $80k-$90k, plus your two years of positive income in rents at $500/mth, that's another $12k. That is $92k-$100k of income in two years on a $45k investment. We call this the "101 On How To Triple Your Money in Two Years".
A Word of Caution! There are many Copy Cats out there, people who see our ad and copy it verbatim, they may own a home they want to sell or maybe they are just trying to get into the business, so they make up stuff or copy our ads telling you that they can do the same. Don't fall victim to this. Ask for Proof!
You may have seen our ads elsewhere - but if its not from us, don't just take what they tell you. Ask to see proof or a track record of what they have purchased & sold.
We have been in this business for over 25 years, investing in Florida Real Estate. We not only buy, restore, market, sell and/or rent the properties for other Investors and for our Clients, but we process all the paperwork, handle all the back office work and negotiations with the County(s), Attorney(s), Title Company(s), and even assign a personal liaison to oversee the processing of your transaction to ensure a seamless and timely closing. We are the Silver Lining of today's economy; in essence we provide our Clients the benefit of having the freedom to focus on their other endeavors.
FOLLOWING IS A LIST OF JUST A FEW OF THE MOST RECENT PURCHASES & HOUSES SOLD FOR INVESTORS!
627 SW 47th Terr, Cape Coral Purchased 8-03-2010 Paid $136,500 Sold 10-13-2010 for $188,200 Rents $1800/mth
1809 NE 4th Ave, Cape Coral Purchased 7-07-2010 Paid $50,100 Sold 09-14-2010 for $86,800 Rents $900/mth
312 Naples Ave S, Lehih Acres Purchased 9-20-2010 Paid $52,700 Sold 09-30-2010 for $82,300 Rents $1100/mth
2811 44th St W, Lehigh Acres Purchased 7-30-2010 Paid $26,100 Sold 08-24-2010 for $59,600 Rents $900/mth
3608 6th St SW, Lehigh Acres Purchased 4-06-2010 Paid $44,300 Sold 08-05-201 for $75,000 Owner Occupied
916 Sentinela Blvd, Lehigh Purchased 4-06-2010 Paid $37,800 Sold 06-04-2010 for $60,000 Owner Occupied
email Us and Ask to Show you the Recent Data or More Recent Sales under Contract!
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Lehigh Acres, Lee County is located on the West Coast of Florida, minutes from the sandy white beaches of the Gulf. Present are all restaurants, shopping and retail stores like Wal-Mart, Lowes and Home Depot. Lehigh Acres is an up and coming City conveniently located close to Naples, Tampa, Fort Myers, and Major Medical Hospitals and minutes from the South West International Airport.
Come enjoy all that Florida has to offer in the beautiful community of Lehigh Acres in Lee County!
This is a ready build residential home in a fully populated area of Lehigh Acres, it is near shopping centers and schools. The area is fully developed and there are many homes and neighbors that surround it. This home is located close to SR82 and Lehigh Blvd - Close to Shopping, Restaurants, and just 10-12 minutes from Downtown Fort Myers and the River District. The lot is 80 X 136 or 10,880Sq. Ft. Lot, already developed.
Again I would like to emphasize. This is a Preferred Investors House. Situated near Hwy I-75, minutes from US-41, In Lehigh Acres near the Fort Myers SouthWest Florida International Airport, and DownTown Fort Myers and the River Distric, Just several minutes from the River that leads to the Golf of Mexico, Look at the mapquest. The property is currently rented for $900.00/mth and is under an assignable lease.
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5306 3rd Street West, Lehigh Acres, Florida, 33971 - Lee County Florida
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10,880sq ft. (1/3 Acre)
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24-44-26-02-00016.0140
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$869.64 per 2009 Tax Year (PAID) $2,205.73 per 2008 Tax Year (PAID)
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Lee County, Lehigh Acres, Unit 2, BLK 16, PB 15, PG 80, LOT 14
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A Full Warranty Deed Closing is Offered Plus Title Insurance.
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Paved Roads, Well And Septic
Closing Procedures:
Immediately following auction buyer will be required to make a 10% or $5,000.00 deposit whichever is Greater via certified check and bidder will be sent a formal contract for a 10 day closing via email or fax and we will Close through a local title Company. Buyer will pay all closing cost and outstanding taxes and will receive a full warranty deed and title insurance. Buyers Closing costs should not exceed $1,500 and if it does, we will pay the difference. The transaction is made through a title company.
Additional Property Description:
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Property Values (2009 Tax Roll)
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Just
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64,160
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Assessed
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64,160
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Portability Applied
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0
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Assessed SOH
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64,160
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Taxable
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25,000
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Building
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59,160
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Incl. in bldg value
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Land
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5,000
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Incl. in land value
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SOH Difference
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0
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Exemptions
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Homestead
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25,000
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Additional Homestead
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14,160
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Widow
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0
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Widower
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0
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Disability
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0
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Wholly
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0
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Senior
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0
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Agriculture
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0
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Attributes
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Land Units of Measure
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LT
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Total Number of Land Units
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1.0
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Frontage
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80
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Depth
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136
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Total Number of Buildings
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1
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Total Bedrooms
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3
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Total Bathrooms
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2.0
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Total Buildings Sq Ft
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2,075
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1st Year Building on Tax Roll
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2005
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Historic District
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No
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