This 2 bedroom 2 bathroom in Palm Aire Village Townhomes is about to hit the market. Get in front of the curve and contact me now for more information if you are looking for a townhouse in the low 200’s.
For closed sales click here
I’d like to share a short but powerful success story of a savvy client of mine. Julie came to me 3 years ago (2016) with dreams of purchasing a home for herself in Fort Lauderdale. The inventory was limited based on home values and the amount of cash she had.
I suggested a small townhouse project around 20-25 min away from Fort Lauderdale, which wasn’t ideal locationally for her since she wanted to be downtown, but the value was there. A 2 bedroom 2 bathroom with a private pool for $175,000 and very flexible financing options as low as 3%
I introduced her to a lender that was able to package her loan in such a way she would only have to come to the closing table with $7,000. That’s right, only 7k which is the same as first, last and security for a 2 bedroom rental in some of our markets. She moved forward and purchased the townhouse.
Fast forward 3 years she decided she wanted to see if its possible to move to downtown Fort Lauderdale where all the fun is. We did an analysis of the property and discovered she had enough equity and appreciation to sell and then buy within the downtown area, in only just a few years.
I set up a strategic marketing plan and we ended up selling it within 3 hours for full asking price. We ended up getting her the highest sale price in her project!
During the second sales process I introduced her to a condo project that was well located in Fort Lauderdale, unique and priced affordably in today’s market. And of course she loves it! Just a couple miles to the beach and downtown.
The moral of this story is she was able to utilize the same about of money she was paying in rent and with not much cash at all, she was able to obtain a mortgage close on the property, then resell it just a few years later and purchase another property all the while putting cash in the bank. She now has 3 transactions underneath her belt, and is looking to do an investment property in the near future.
If you are interested in increasing your wealth and exploring options please feel free to call or text me at 954-610-0440.
“This Docktor Makes House Calls”
Had a few showings today @SoleCondominiums . Currently for sale a 2/2 renovated unit on the 5th floor with a nice balcony facing west overlooking Flagler Village for $278,000. Another one we saw was a 1st floor unit facing north for $295,000 with really nice updates . Closed sales in last 6 months are in between 250-270k with various renovations . ⠀⠀
It’s a really great location if you want to have a an affordable condo smack dab in the middle of the fastest growing urban core in the area. You can have it for vacation when you want it and rent it out when you are not local. Or as an option you can park some cash and have rental income. With a $2000 Monthly income the cap rate is around 4.5%. Perhaps the capitalization rate isn’t the most important to you but investing in an emerging market strategically is the goal . My customer is looking for a homestead and wants affordable option with only a $500 HOA. That Includes your Insurance and comes with Water, sewer, trash, basic cable and Internet!⠀⠀
If you are looking for an Investment or just need really local expertise, someone who is very familiar with local neighborhoods and understands investments please DM me and call direct . You can trust me I’m a Docktor. – Adam Docktor Realtor ⠀⠀
#sole #solecondos #fortlauderdale #invest #realestateinvesting #realtor #realestate #954 #southflorida #flaglervillage #massdistrict #beaches #lasolas #mockingbirdtrail #3rdave #33301 #ftlaudy #broward #homebuyer #condo #home #local #docktor