Two Bedroom and Two Bathroom American Flat/apartment Available
|
For more information please fill out the quick enquiry form 
|
|
|
Apartment/Flat Description
Already-rented, income-generating property on the Florida waterfront at 50% of its pre-crash value.
We love silver linings.
Property in the US hasn't had a great press in recent years. The sub-prime mortgage fiasco was the cough that gave the world a cold. But even property crashes have silver linings, and here's ours.
All the indications are that the South Florida property market bottomed in mid-2009, so this could be the perfect time to invest in Las Olas by the River. The developer could not keep up with his commitments to the lending bank, so we've bought the unsold 64 discounted units from the developer – one we're happy to pass on to you.
2005-06 BC
The units in this glorious building originally sold from between $365 and $432 per square foot back in 2005-06 BC (Before Crash). Replacement building costs today would be in the order of $260 to $300 per square foot.
But keep reading to find out what we're giving these apartments away for today.
You'll find Las Olas by the River in Downtown Fort Lauderdale, midway between Miami and Palm Beach. With 23 miles of beaches and 300 miles of inland waterways, Fort Lauderdale has been dubbed the Venice of America. Las Olas Boulevard, meanwhile, is your destination for art galleries, fashion boutiques, cafes, restaurants, museums and theatres.
Let's remind ourselves what makes Las Olas by the River so special.
Earn an Extra $797 per Month
A Reduction of More than $285,000 from Peak Prices
Tenants in Place
Unparalleled residential location, in walking distance from the world famous “Las Olas Boulevard” and “Las Olas River”
“A” rated schools
Balanced ownership vs. rental ratio in community
Built in 2000 and fully renovated in 2005
Resort-style clubhouse with fitness centre, pool and other recreational features
Net Yields in the region of 4% to 5%
Full Service Management In Place
1200 FEET OF RIVER FRONTAGE
On a site with 1200 feet of river frontage, you can choose from one, two or three bedroom luxury apartments. There's access to a nature trail, a landscaped central area with tropical gardens, solarium, large pool, outdoor spa, and a poolside grill area with plasma TV and sports bar. The beach is a stroll away.
A unique feature of Las Olas is the Clubhouse, complete with massage room, yoga/pilates studio, Internet bar, billiards room, fitness centre and meeting room.
Of course, such an environment doesn't come cheap. Well, actually it does. Because this isn't 2005. This is post-crash 2011 and the keys to a one-bed apartment in Las Olas can be yours for just $216,280. Here's what buying at Las Olas looks like:
DEAL SUMMARY – ACTUAL EXAMPLES
Las Olas by the River
Unit Details: 2 bed / 2 bath
Purchase Price: $216,280 / £135,000
Monthly Income: $1,695
Monthly Running Costs
Management: $100
Estimated Council Tax: 285
Community Fees: $513
Monthly Net Cash Flow – (Cash in Your Pocket): $797
Unit Details: 3 bed / 2 bath
Purchase Price: $249,239 / £155,000
Monthly Income: $1,985
Monthly Running Costs
Management: $100
Estimated Council Tax: 381
Community Fees: $685
Monthly Net Cash Flow – (Cash in Your Pocket): $819
HUGE GROWTH POTENTIAL
Las Olas is already tenanted, so you're making money from the start. And with South Florida property prices widely tipped to restore themselves to previous glory in the coming years, how can you lose? But that's Colordarcy – property investment that pays for itself.
SIMPLE PURCHASE PROCESS
The purchase process for Las Olas by the River is simple and straightforward. The process can be broken down into the following steps.
1. Choose the unit you want to purchase and complete reservation form.
2. Client reserves unit by making a 10% deposit to Title Company’s secure escrow account.
3. Purchase Agreement is emailed to you to review and sign. This is then returned to the US.
4. Title Company prepares final documentation and sends it to you about two weeks after the initial Purchase Agreement is returned.
5. You wire the remaining balance to Title Company's secure Escrow account.
6. Congratulations! You are now the proud owner of your Florida Investment Property. You will receive your first rent check (less management fee) within 30 days of closing (if you invested in a tenanted property).
EXIT STRATEGY
Located within a growth area in Downtown Fort Lauderdale - between Miami and Palm Beach, Las Olas by the River comes with clear, viable exit strategies for both resale and rental - ensuring investors make money on their investment.
Investors taking advantage of this opportunity today - will be investing at the bottom of the market at price that is less than what it would cost to build.
Since new construction has been on hold for the last 3 years demand for quality products like Las Olas by the River will surge as soon as the economy picks up full steam. Based on these assumptions we project a value increase of your property of 40% to 50% over the next few years.
Las Olas by the River is one of the most sought after developments in the area and we expect that as soon as the finance markets recovers to see further increase in demand for this luxury development.
LIMITED AVAILABILITY
Las Olas by the River presents an excellent opportunity to own a luxury South Florida investment property at a BARGAIN Price. This outstanding property will rent out easily – therefore paying for itself in the medium to long term. Prices will never ever be this low again. Please contact us today before they are all gone.
For more information, and to receive your FREE “Las Olas by the River Brochure”, please Call or Email us Today.
Loxley McKenzie
Managing Director
P.S. Las Olas by the River is one of those top developments that will not be around for long. Take action today.
We are open: Monday to Friday 09:00 - 20:00 (GMT) and Saturday 10.00-17:00 (GMT)
Like this? Then share with your friends and colleagues!
|
Approximate price of this 2-Bed Flat/Apartment
€164,021 EUR |
£131,266 GBP |
US$205,781 USD |
(Currency and Foreign Exchange services supplied by  )
|
|
| Type |
Flat/Apartment |
| Bathrooms |
2 |
| Bedrooms |
2 |
| Category |
Re-Sale |
| Listed |
over 6 months ago |
|
|
|
|
Map of Miami, Florida, United States
Real Estate Agent Listing this Property
Towns located close to Miami, United States
Similar Properties in or near Miami
| . |
|
|
|
| . |
|
|
|
| . |
|
|
|
|
Price: US$205,781
Currency in United States
|
Latest Property News in USA
|
Price of Property in Miami, USA
| (All prices in EUR) |
Miami |
Miami |
Miami |
| Apartment/Flat |
89,900 |
15,500 |
450,000 |
1,305,000 |
470,000 |
264,000 |
| House/Villa |
75,000 |
240 |
6,750,000 |
65,000,000 |
- |
242,990 |
| Townhouse |
124,900 |
23 |
134,900 |
6,400,000 |
- |
209,900 |
| Land/Ruins |
175,000 |
15,000 |
5,200,000 |
5,200,000 |
- |
85,000 |
| Commercial |
250,000 |
49,000 |
1,590,000 |
7,000,000 |
- |
- |
* Calculations based on 117 properties for sale in Miami and 5895 properties for sale in USA |
|
Looking to buy property in Miami-Dade County, Florida, United States?
If you are interested in this American House - Villa Available then here some more similar properties:
|
|
|
Tel: (+34) 952 471 774 | 
UK Freephone: 0800 047 0597 | 
US Toll Free: +1-866 656 7152
Subscribe to the Property Bulletin
