Fully Refurbished and No Closing Costs
Royal Greens is a prestigious golf course community located in Fort Myers on the south west coast of Florida. The units are ready for rent and offer exceptional net yields of 8.7% and are being offered 60% below previous list price.
The condos built in 1998 and subsequently refurbished in 2010 offer one, two and three spacious bedrooms, central air conditioning, fully fitted kitchens and appliances. The site boasts a large community swimming pool, 30 seat theatre, indoor basketball court, 24 hour gymnasium, clubhouse and championship 18 hole golf course.
Location
The site is well sought after by people looking to rent and purchase as its location is exceptional, located as it is in the heart of Gateway, only 3 miles from Interstate 75. Its fantastic location and close proximity to schools, hospitals, universities and businesses ensure that this development is always in high demand. Fort Myers is not only one of Floridas most popular holiday destinations but is also one of the fastest growing cities in Florida. A brand new international airport, beautiful beaches on the Gulf of Mexico and an abundance of championship golf courses attract around 5 million visitors a year. A high proportion of the current tenants work in the local hospitals and universities.
To find such facilities in such a great location at this price is a rarity.
Lee County is showing signs of rebound. Home Sales are up 180% in the last four months with over 1900 properties sold last month. This shows the beginning of the return of consumer confidence. Now is the Time to Buy!
Property Summary
1,2 and 3 bedroom apartments
Freehold
Totally refurbished in 2010
Resort clubhouse, theatre, gymnasium, basketball court on site
Located on a 18 hole championship golf course
Very popular location
Close to all shops, schools, employment centers, restaurants and beaches
Worked example for the property for 1 bed
Purchase price: $51,000
Rental Income: $8,700
Management Fee: $870
HOA Fees: $2185
Property Tax: $1,200
Cash Positive $4,445
Net Yields 8.7%
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