Tampa, Florida - Distressed Sale

This is a heavily discounted condominium deal in Tampa Florida that we have negotiated direct from the sellers. In December 2009, this property was completely SOLD OUT to a bulk buyer purchasing the remaining 125 units!

Due to the buyer’s inability to arrange financing, the deal has fallen through and has been offered to us based upon minimum 20-unit purchase. You are able purchase one unit or all twenty units.

This deal is exclusive to us and will not become available to the general public.

The property was built in 1996 of concrete block construction and is a Class A condominium development located in the rapidly growing New Tampa area. The development is located less than 5 miles from the university of South Florida. Founded in 1956, University of South Florida is the ninth-largest university in the USA and the third largest in the state of Florida, with a total enrollment of 46,174 as of the fall 2008 semester. As you can see from the rent roll, the rents achieved in the immediate area are very stable and as the New Tampa area continues to expand, property values will only rise. This is an opportunity to enter into the distressed Florida Property Market at bulk pricing along with locking in a 10% net return on capital.