In record fashion we continue to sell our REO’s very quickly due to our competetive pricing with banks. We recently closed on 5 more duplexes in Lehigh Acres, Florida. These foreclosure properties are going to be sold turn key to investors.

Our current duplexes are located at the following streets:

Haviland Ave. S

Gilbert Ave S.  (2)

Paisley Rd

Jordan Ave.

All duplexes that were bought out of REO have been fixed up into brand new condition.  The fixings were very small, all cosmetic, ie. paint, blinds, landscaping.  Duplexes are all tile floors throughout, with the exception of 1 of them.  We did not tile due to carpeting being brand new still.

We will sell the duplexes for $75,000 each or $70,000 for bulk purchase.  All duplexes were built 2007 or newer, built of concrete CBS construction, and have 3 bedrooms, 2 bathrooms, and a 1 car garage on each side.

All units are rented for $650 per side.  After Lee County recently reassessed the property values, taxes have been slashed by nearly 75%.  Current Cap Rates at our prices comes to 16%, after figuring in Taxes, Property Insurance, Property Management, and Lawn Maintenance.

Pictures are available upon request.  The duplex in the thumbnail of this article are identical to the other ones.

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