24 UNITS! 8.5% ROI ON FULL ASK AFTER ESTIMATED TAXES INSURANCE AND HOA FEES! This 24-unit portfolio is performing excellently and is 100% occupied!! Catalina Isle Condominiums is currently going through its well-deserved renaissance, as over the last 12 months the buildings have been painted and 're-stuccoed' where needed - new flat roofs have been installed, sidewalks repaired, pool area renovated, a cleaning staff hired in place for the community, and new balconies are being installed (est end date 11/30/19,) as well as new drainage systems are to be installed off balconies and front side of buildings. Centrally located by Millenia Mall, all units rented are about 10% below market value, providing a fantastic opportunity for higher ROI.
Listing courtesy of RE/MAX DOWNTOWN.
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