Caribbean Towers
   Caribbean Towers

7545 E. Treasure Drive # 9A North Bay Village , FL 33141


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Feel like you're in the Caribbean... Right here in North Bay Village!  Was foreclosed by lender, now owned free and clear

Lovely 2-bedrooms corner unit with amazing potential for appreciation in value, once repairs are complete. This is a handy-man special, needs some TLC. The views are absolutely incredible; you'll see downtown Miami (SW), Miami Beach (SE), and the island of North Bay Village. Built in 1961 and renovated in 2000, Caribbean Towers are a staple in the North Bay Village community. Ideal for boat owners. Only 1 block from a great school. Less than 5 minutes drive to the beach. Rent immediately, start making money right away!
 

This is not a short sale. This property is owned free and clear without a mortgage. It has gone through foreclosure process; the title has been cleaned. The condo is in great condition ready to move in today.

 

Unit Specifications:

Bedrooms 2
Baths 2
Flooring Wood
Living Area 1,074 SqFt
Total Area 1,300 SqFt
Monthly HOA $516
Property Tax  2% of assessed value
Parking 1 space included
Rentals Permitted/12 mo. min.
Pets Permitted/-20 lbs.
 
Highest Closed-Sale (Similar Unit): $350,000  (unit 2A)
This unit (9A) originally sold for: $279,400
OWN IT FOR ONLY: $89,900
 

*Cash Purchase

Why is this a deal? Look at these comparables:
SOLD FOR SALE NOW
Unit Settle Date Sale Price Building Sq Ft
 # 7h 6/8/2009 $135,000 1,302
# 3h 4/7/2009 $155,000 1,302
 # 10j 3/16/2009 $85,000 1,023

 

Available now (not short sales)
List Price #Beds #FB #HB Unit
175,000 3 2 1 # 2H

 

RENT RATES

Only 1 available as of Oct 2, 2009; asking $999 per month for a 1-bedroom.

 

Building Features (Subject to change):

Type: Condo
Prices: $46,500 - $175,000
Year Built: 1961
Sizes: 432 - 1,302 sq ft
Bedrooms: STUDIOS to 3
Waterfront: YES
Pets: Yes - Restrictions
Rent: Yes - Restrictions
Number of Stories: 12
Maintenance: $0.48/SqFT

Amenities:

· Pool
· Fitness Center

For more information call Richard Paz (305) 467-7344 or email RP@PazGlobal.com
Broker cooperation welcome. Call for info. For an unbranded flyer for your clients, click here.

All rights reserved. Copyright 2009 Paz Global, Inc. Real Estate Investments
19495 Biscayne Blvd, Ste 301 - One Turnberry Place - Aventura, FL 33180 |  tel. 305.466.2990 |  fax. 305.675.7990