| Condo conversions...
The low interest rate affliction that has crippled apartment (Rentals) fundamentals for several quarters is driving the biggest condominium conversion boom in the last decade.
Conversions create some affordable housing in areas famous for high property prices. Nowhere is the conversion craze hotter than in Florida, which is enjoying an influx of young, educated workers and second-home buyers from Europe along with the northern pre-baby boomers .
From Naples in South Florida to Orlando and north, developers are buying rental projects, upgrading them, and selling them off as condos to the general public.
While some purchase the units for their own use, others acquire these residences as potentially income producing investments.
Many economists forecast a significant increase in rental rates as interest rate increase.
(Please note, Napleslifestyles, in compliance with the law, does NOT provide investment advice.)
Condo conversion released in Naples
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 ...The Reserve ..1, 2 or 3 bed from $209
Only one mile from the beach on Pine ridge
300 units built 2001.... great incentives available(BMW 2006 lease 2 years)
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..Granada Lakes 1 and 2 bed from $ 190's
On Radio Rd, close to downtown
248 units built 1985 all refurbished... great incentives
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... Malibu Lakes 1, 2 ,3 and 4 bed from $ 229's
Immokalee Rd, no developer fees, no HOA for 1 year
356 units , built 2003
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... Briar landings 1 and 2 bed from $ 170's
Davis blvd, no developer fees, great incentives available.
240 units, built 1990 units all refurbished.... no limit to investors.
...Fairways Preserve 2 and 3 bed from $ 220's
Immokalee rd, $ 10,000 towards closing fees.
264 units, built 2001 . new carpet and paint ... no limit to investors.
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Allocation is on a first-come first-serve basis.
For a presentation or to discuss the project details over the phone;
please call 239 293 2525
Condo conversions are very hot in Florida. The prices are indicative of the location, the year they were built and the amenity package available.
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