32 Individually Deeded Rental Villas In West Palm Beach, Fl - USA Property For Sale Or Rent at BestRealEstatePlanet.com

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Property For Sale Or Rent: 32 Individually Deeded Rental Villas In West Palm Beach, Fl

USA, Florida

5020 Sanctuary Way
West Palm Beach
Florida 33417
USA

Property for sale: $4,995,000 USD

Apartment For Sale in West Palm Beach, Florida USA

BELLA LAGO

32 Rental Villa Units Available

You Can Buy A Minimum of 5 or Buy Them All!

Located in a secluded gated community situated at the end of a dead end road. This property has a quiet â€œpark likeâ€�?setting.

IDEAL INVESTMENT FOR THE â€œFLIPPERâ€�?.

BELLA LAGO

32 Rental Villa Units Available

You Can Buy A Minimum of 5 or Buy Them All!

Located in a secluded gated community situated at the end of a dead end road. This property has a quiet â€œpark likeâ€�?setting.

IDEAL INVESTMENT FOR THE â€œFLIPPERâ€�?.

Considerable profit's for the new owner who wishes to hold, or flip and sell one-by-one for considerably more $$$. Each unit individually deeded and metered.

VILLAS ARE IN DEMAND DUE TO LACK OF AFFORDABLE HOUSING IN THE AREA.

The Villas are one story buildings with very much of a single family style home "feeling". This property has tremendous curb appeal. It's a small, attractive, quiet, gated community in a great location. The units feature spacious floor plans, vaulted ceilings, split bedrooms, washer dyer hook ups in every unit. CBS construction built in 1991. These are the only villas within WPB that I know of priced under $300K.

This is ideal for the investor who is looking to flip them immediately by selling them off one-by-one. My personal opinion and only my personal opinion on resale of the units is as follows: 2/2's starting at $225,000 - $250,000 & 1/1's starting at $170,000-$185,000

These villas would be the perfect starter or down sized retirement home.

There is nothing like this development near-by. $4,995,000 = only $156,093.75 a Villa! (If you purchase all 32 units at once)

Try finding that price anywhere else in WPB. Owners are motivated!

HURRY WONâ€™T LAST LONG.

The current owners do not have time sell each unit one-by-one, due to numerous other projects demanding 100% of their time. All the hard work is already done for you. This place has the curb appeal that buyers and or renters are looking for.

UNIT MIX

22 two bedrooms/two full baths (1,000 sq ft)

10 one bedroom/one bathroom (700 sq ft)

Every unit has its own washer/dryer connections. All units are on the ground floor.

UNIT CONDITION

Some of the units have been fully refurbished with new kitchen cabinets, some with granite counter tops, and tile floors. The remaining units are in excellent condition with no deferred maintenance.

INCOME

The current rents are 2/2 is $750-$850 and the 1/1 are $600-$700.

The rents are below market, the 2/2's should be renting between $950-$1,100 the 1/1's between $800-$850

EXPENSES

Low monthly Maintenance fee of $150 (per unit) Includes BUILDING INSURANCE, EXTERIOR MAINTENANCE, ROOF REPAIRS/ REPLACEMENT.

HISTORY

The Villas were built in 1991 (CBS construction).

The 32 Villas are part of a larger development. 102 units in total. Owner occupied townhomes mostly make up the remaining units.

NEW ROOFS

The HOA/Insurance is replacing the roofs on the villas. No pending assessments.

LOCATION, LOCATION, LOCATION

Prime location one block south of Okeechobee Blvd.

Minutes to major shopping malls (CITY PLACE) and beaches.

Fastest growing area in West Palm Beach. Property Values have gone up consistently 20%-35% per year in West Palm Beach. There are more people moving to Florida then we have housing for.

If you are familiar with WPB, then you will know this is a phenomenal offering.

Located between I-95 and turnpike it's an ideal location for commuters. Take I-95 to (west) on Okeechobee Blvd (South) on Haverhill (West) on Elmhurst to BELLA LAGO on Left.

PLEASE CONTACT GIOVANNI
AT (954) 609-4404
FOR MORE INFORMATION

FYI:

We are an investment group that mainly deals with multi-family properties in Florida. We are always seeking new members to add to our group. If you would like me to add your contact info to our database for any future projects please let me know

Property Summary

Offered by		Agent
Construction Year		1991
Stories		1
Features		Appliances, Laundry Room, Patio, Lake View, Secluded Gated Community., This Property Has A Quiet â€œpark Likeâ€�?setting., Unit Mix, 22 Two Bedrooms/two Full Baths (1,000 Sq Ft), 10 One Bedroom/one Bathroom (700 Sq Ft), Every Unit Has Its Own Washer/dryer Connections., All Units Are On The Ground Floor., Built In 1991 (cbs Construction), Close To Major Shopping Malls (city Place) And Beaches., Fastest Growing Area In West Palm Beach. Property Values Have Gone Up Consistently 20%-35% Per Year In West Palm Beach. There Are More People Moving To Florida Then We Have Housing For.,