location_onTAMPA, FL 33618 · Hillsborough County
Tenant long term lease in place. Tenant pays expenses and pays net rent to you of $1,000 a month. Once lease expires you can occupy the condo. You purchase this 2 bedroom 2 bathroom condo and the established Tenant deposits funds into your account. You don’t have to worry about the ups and downs of the rental market because your returns are fixed and don’t depend on occupancy. You don’t have to worry about scheduling cleaners, late night maintenance calls, or unexpected repair bills. The best part is, once the lease expires you will still own a beautiful Florida condo in an amazing established private golf course community that you can enjoy! What you get… • Ownership of a beautiful 2 bedroom 2 bathroom condo that’s fully furnished and appointed, located at a Private Golf and Country Club. • $1,000 a month as a net rent, that can be auto deposited to your account quarterly. • The condo was built in 2008 and has been exceptionally maintained by the management company the entire time. • Special owner rates available if you need to rent a condo for yourself during the lease (subject to blackout dates, unit number will vary). • A social membership to Carrollwood Country Club for you to enjoy while you are an owner • Initial lease good through 12/31/2026 with Tenant as Emerald Green Villas Management Company Inc. Expenses Tenant pays on your behalf… • Condo Association Dues $575 monthly • Social Membership Dues $158.03 monthly (included in Condo Dues) • Annual Real Estate Taxes – credits at closing due to us and we will pay or reimburse you for the earliest discounted amount • HO6 including landlord liability Insurance policy – we will pay or reimburse this annual cost • Utility Bills – Electric, Phone/internet/ cable • Cleaning of the unit for subleasing • Operating and Management of the condo • Maintenance and repairs of interior • Maintenance of furniture •4%+ approx. annual cash return plus annualized depreciation •If you are not already a member of Carrollwood Country Club you will need to pay them an initiation fee at closing of $1,075 (existing members will not owe this) •Purchase must be all cash due to the investor owner percentage in the building. •This serves as a basic summary only, for exact details of the terms of the lease in place please see the attached actual lease.
Appliances
Flooring
Cooling
Heating
Construction
Roof
Pool
Stephanie McNeil
EMERALD GREEN VILLAS MGMT
EMERALD GREEN VILLAS MGMT
813-205-0077
