Unbelievable opportunity to purchase 9 units in the same condo complex in Juno Beach. Bike to the beach or walk to FP&L corporate headquarters (all tenants work there)! All units are 2 bedrooms with 2 bathrooms & have large patios with lakefront views. Gated community with pools and exercise facility. Tenants are long term with written leases that all expire on July 31 of each year. Owner is older, retiring and has kept the rents low ($1,300-$1,500). Market rent is $1,800 (Last rental was $1800 & there are none currently available). No waiting period for new owner to rent right away. Condo fees average $530 & include building insurance & maintenance & water/sewer. Close on this group of properties and start getting rent on day 1; no vacancies, rental commissions or renovations! Each unit has their own washers and dryers. Tenants pay all other utilities. Perfect opportunity for 1031 exchange investor.
Listing courtesy of RE/MAX Ocean Properties.