Leaseback Opportunity, 3.7% CAP rate
The owner of the property located at 1323 Hwy A1A #301, Satellite Beach, FL offered at $1,049,000 is offering to lease the unit back at $5000 per month! The lease back scenario provides just under a 4% return on investment (not including property appreciation).
This is a perfect opportunity for someone who is planning on moving here in the future but wants to lock into todays prices. The most recent sale in the building was $1.2 million! Property prices are posed to increase, click here for a recent Wall Street Journal article.
Spacious, intimate and peaceful depict this rarely available unit situated along Florida’s Space Coast. The design of this rarely available condo truly brings the views in, featuring floor to ceiling impact glass throughout 72% of the condo. There is a view from every room, even the master closet. Sprawling in 3800 square feet of living area this 4 bedroom, 4 bathroom residence leaves no detail spared. Featuring 1200sf of wrap-around terrace overlooking the Atlantic and a private 2 car garage. La Colonnade features meticulously manicured grounds feature hot tub, pool, recreation room and fitness room. Convenient location, within 15 minutes of Melbourne International Airport and 1 hour from Orlando. Offered at $1,049,000
Click here for a full list of Oceanfront Condos on the Space Coast: Brevard Condos For Sale