554 Fanshaw N
INVESTORS- income Producing property ...Rents are at all time highs - Condo prices are not. Take advantage of this disparity to buy at a great Cap RATE. Unit is rented. This condo is located in a senior ( 55 + ) gated community in Boca Raton. Great cash flow property with good upside rent. Currently $1200 per month rent. Reasonable pro-forma rents now are $1500 which would show a 6.32% Rate of Return. Condo occupants enjoy internet, Wi-Fi, Cable, and water included in the rent. The clubhouse has an 1100 seat theater, gym, indoor heated pool and many activities free to residents. There are outdoor pools nearby as well as tennis courts, pickle ball courts and free bus service within the property as well as to shopping
Active Under Contract
* The combined HOA & Recreation Lease fees are approximately between $450 & $550 per month depending on location & unit size. If the total of the two displayed is less, the listing agent incorrectly entered the fees.