New 5 Unit 3+2 townhome Bulk sale southwest fl,Bonita Springs

3 unit Bulk sale OREO bank owned at Bonita Springs, FL 34135 with 2 available approved shorts in the same building an HOA. you would own the HOA for the 5 units.

3 units only $267,000

Value $135,000 each approximate Bank asking $89k each

Townehouse Community

Beds 3 /3 baths
Living Area 1469
Price/Sq Ft $61.20
2007

BANK OWNED & READY TO BE SOLD! The units is located in a quiet neighborhood close to I75 and US41 that provides easy access to Bonita Beach, Naples and Fort Myers. The townhouse is in fantastic condition which feature 3 bedrooms, 2.5 bathrooms, 1 attached car garage with lake views. All the bedrooms are located on the second floor. The kitchen features raised panel cabinets, and solid counter tops. Kitchen over looks the living room. There is tile flooring in the main living quarters and carpet in the bedrooms. As you walk into the Master bathroom you will notice the dual sinks, separate tub and walk-in shower. This property will not last long, this will be gone tomorrow! BANK OWNED & READY TO BE SOLD

















bulk condo units, block condo units, investments (in location), vulture funds
in FL, Miami Metro Area, FL, Naples Metro Area, FL, Palm Beach Metro Area, sarasota fl

Bulk REO - Bulk REO's are foreclosed properties owned by banks that are packaged together, and sold at steeply discounted prices. These properties can be purchased at a fraction of the cost. Selling properties in Bulk REO is the most efficient way for banks to balance their financial books while remaining in compliance with Federal and State bank regulations. Bulk REO investing can be extremely profitable. Bulk REO's are affordable-with prices below MLS listings, below BPO, cheaper than private sellers, cheaper than auctions at the courthouse, and at a fraction of any approved short sale price. This is an opportunity unlike any other. Bulk REO requires at least $1M cash investment with proof of funds.
We do not work with other brokers prices and cheap and low and so are fees. not enogh to go around. If you are a resale broker and not looking to make a commission on the buy side. Then we can work together

Southwest Fl Bulk sale waterfront sold at 80% of current value

Another Bulk sale down for waterfront sold at 80% of current value.
Prices up in swfl 25% since 1st 1/4 of 2010

Canadian Investment Group Lofton Island , LLLP has acquired 224 developer-owned units in the Oasis Tower II condo project from Oasis Associates, LLC. The purchase price for the 224 units was $36.7M ($163K/unit). Lofton Island plans to continue the leasing program in this tower.

Based on currentprices in River District high-rise projects, this average cost per unit of $163K is a bit closer to retail than I was anticipating for a bulk transaction at 80%. Shifting this block of 224 units out of unsold inventory and into a rental portfolio is a very positive event for the Fort Myers high-rise market. Buyers will have more comfort purchasing the remaining units in Oasis Tower I without the huge unsold inventory of Tower II hanging over the project like a black cloud.

Downtown ft myers has an influx of new residents, new nightclub, National retailers, near downtown this could all be good for the entire community, the new publix and new construction start of townhomes at the publix plaza at high point High rise.

Bulk sales available


Waterfront
415 Unit High Rise 24 story Riverfront Hotel Dark at Yaht Club needs 10/15M in renovations.
( prime location like Oasis. Reposition opportunity to acquisition 500,000 sq ft of riverfront high assets.1 full city block of land hard corner at the bridge. Im direct to owner and they are motivated to sell this asset.
21 Unit High Rise Ocean view Class AAA


Prime Stable:

Olde Naples(port Royal sub market) High affluent market Units
10 New construction never lived in units, Market rate 305 perm sw ft, purchase 207 a sq ft.


Class B

68 unit available In Naples Fl as well. 60,000 per unit Conversion all 100% owned..
55 Unit off davis blvd In Naples fl Broken conversion.

320 unit Class B apts Naples, Fl (listed by other broker)


a quick note

always looks bigger going than coming.

For many procrastinating real estate buyers Bye, bye! The above proves this ponit.

Let em update you with my real estate appraiser hat.

1. The bottom of the market was reached sometime in end of 2009 1st 1/2 2010.

2. If you would have purchased a condo or a town home in Estero 6 months ago you would have a 30k to 50k equity position in your property today this is almost across the board in 33928.

3. If you would have purchased the same type of highly distressed product in Olde Naples by end of 2009 thru summer of 2010. You would have close to a 45 dollar per sq ft equity yield on your holding. x the sq ft of your acquisition.

I love been a real estate appraiser and Broker it is with this knowledge that i track sub markets in SWFL as they decline or appreciate. and real estate is truly valued up or down by mere neighborhood characteristics, in small pockets or puds only. Nonetheless it is good news for you sellers out there.

Buyers get off of the wall, its time to dance and Im playing your song..... and BTW the song is 1/2 way over.

Contact Mike Rivera for more information on the above assets. or other Naples fl condo bulk sales.

Thanks,

Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl
954-957-3134 Office
239-770-6257 Cell
239-775-2066 Fax