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2 bed Condo Tampa FL10306

FL10306

Location: Tampa
Type: Condo
Size: 106 sqm (1,140 sqft)
Bedrooms: 2
Net Yield: 10.5%
Peak value: $202,000
$79,000
Key Features
  • Basketball
  • BBQ Area
  • Clubhouse
  • Fitness Centre
  • Gated Community
  • Jacuzzi
  • Nearby Schools
  • Play Area
  • Swimming Pool
  • Tennis Court
  • Volleyball
  • Walking / Jogging Trails
Key Features
  • Basketball
  • BBQ Area
  • Clubhouse
  • Fitness Centre
  • Gated Community
  • Jacuzzi
  • Nearby Schools
  • Play Area
  • Swimming Pool
  • Tennis Court
  • Volleyball
  • Walking / Jogging Trails
Project Description

SOLD!

Excellent 2 bedroom 2 bath condo located in Westchase, a north-west suburb of Tampa, within a gated community built around a small lake. The property is located on the ground floor, faces landscaped garden. The community offers a clubhouse, fitness center, 2 pools, basketball, volleyball, tennis courts, BBQ areas, playground, and a one mile jogging/walking course around the lake. There are great schools in the area, West Park Village with shopping and dinning and Citrus Park Mall are both minutes away, Tampa Downtown within 16 miles, the famous Clearwater Beach within 22 mile drive.

The property needs extensive renovation the cost of which is included in the purchase price. New interior walls, fresh paint, new carpets, working appliances, new kitchen etc...

  • Expected rent: $1,050
  • HOA: $274
  • Property tax: $1,016
  • ROI: 10.51%
  • Property management: 10% from rental income, optional
  • Net ROI with property management cost included: 8.9%
Location