Apartment Buildings for Sale: Outlook Remains Bright in Florida
The outlook for multi-family investments in the State of Florida remains positive. As reported in the Q2 “Survey of Emerging Market Conditions” produced by the University of Florida’s Bergstrom Center for Real Estate Studies, it is believed that apartment rents and occupancy will continue to increase in the coming quarters, despite new development, which is schedule to come online over...
Read MoreFlorida Investment Property Is Still A Bargain In Spite Of The Recent Increase In Interest Rates
Interest rates for commercial real estate loans have jumped considerably. In May 2103 the interest rate was 4.14%. In September 2013 the rate has increased to 5.7%. These rates are indexed to the 10 year treasuries. Under normal circumstances rising interest rates would cause a decrease in the value of commercial real estate. This has not occurred because the interest rates were, and still...
Read MoreProperty Investment Calculator Added To Florida Investment Real Estate Website
Florida Investment Real Estate (FIRE) has added a property investment calculator to its website to help its customers make better informed investment decisions. The calculator can also be used to check how your investment property is doing on the market. The property investment calculator allows you to enter a host of information about your property and it will give you a strong understanding of...
Read MoreBuying Rental Property – 10 Items to Consider
When done correctly, buying rental property can significantly increase your earnings and provide a better future for your family. However, before making your investment, when buying rental property it is very important to investigate certain key areas to ensure you are buying wisely. If you bear the following in mind, it will give you good understanding on what to look out for. Location: When...
Read MoreFlorida Apartment Buildings For Sale – Asking Prices Per Unit In Florida and Tampa Bay
In Mid 2006 the asking price per multi-family unit was $118,000/ unit in the state of Florida. Then came the market correction. Asking prices for Florida apartment buildings for sale declined and dropped to $62,000 per at the end of 2011. Asking prices remained more or less flat finishing 2012 at $61,000 per unit. 2013 saw the first significant increase in asking prices, increasing to...
Read MoreApartment Complex Sales of Interest
Address 14323 Lucerne Dr. Tampa, FL Property Type Multi Family Dwelling Sales Date 6/28/2013 Sales Amount $1,750,000 Units 106 Price Per Unit $16,510 Sq Ft 78,553 Prior Sale Amount $900,000 Prior Sales Date 9/1990 Address 745 2nd Ave N. St Petersburg, FL Property Type Apartments ( 10 Units To 49) Sales Date 4/10 Sales Amount $800,000 Units 22 Price Per...
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