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 . ⠀⠀
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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!⠀⠀
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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 ⠀⠀
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