554 Fanshaw N

165,000

1 Bedrooms

1 Baths

601 SqFt

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
Status:
Active Under Contract
Listing ID:
F10344316
Unit Floor:
2
Furniture:
Pets:
No
Market Days:
43
View:
Garden View
Waterfront:
No
HOA Fee*:
459.00
Rec Lease*:
255
Taxes:
781.00
Year Built:
1980
* 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.

Contact Broker: Bob Chapin (561) 774-3472

Listing Information Courtesy of Dunhill 100 LLC
Information Provided by BeachesMLS

Explore Century Village Boca Raton Condos

Search the most up-to-date list of Century Village condos for sale in Boca Raton.