The Sunshine
| Location: | South West, FL |
|---|---|
| Total Size: | 1,379 SQFT per side |
| Living Area: | 1,049 SQFT per side |
| Layout:(Each Side) | 2 Bed + Den, 2 Bath, 1 Car Garage |
Interested in this Property?
Questions & Answers
Q. Why shoud I buy a property before it is built?
A. This is a great question! There are some substantial benefits of having a new property built through our program. Having a brand new property to offer for rent is more attractive than an older one. A brand new home is very appealing to tenants making it easier to rent. Secondly, during construction you will have no payments. This gives you time for potential value increase without making payments or being a landlord.
Q. How can I buy a property with only $5,000?
A. Through our unique financing program we allow you to count the builders discount to you towards down payment. This greatly reduces your out of pocket cost to acquire the property. Leverage is a key concept in real estate investment and our program truly allows you to maximize your leverage
Q. Is it hard to qualify for this program?
A. Our program allows for "No Income Verification" and requires a 700 credit score. Most people are able to qualify and take advantage of this amazing program.
Q. Are there any other Preconstruction Duplex properties available??
A. Yes! you can see a full list of the Preconstruction Duplex properties we have available.
Pricing Breakdown
| Total Investment Out of Pocket: | $5,175 |
|---|---|
| Acquisition with all Costs: *est | $290,000 |
| Current Appraised Value: (Dec. 2006) | $320,000 |
| Upfront Value minus cost: | $30,000 |
About the Project
Lee County, FL has sustained enormous growth over the last 3 years. Ranked nationally in the top 3 counties for job growth, the area has seen rapid real estate growth, adversely causing inflation to the point to where affordable housing is a paramount necessity. With the median house price over $220,000, these duplexes are ideal. The city is allowing duplex owners to separate each unit into 2 separate sellable units. With a target sale price per unit of well below the median house price, affordablity is being revamped. Opt to hold as a great rental property as well.
Construction Specs
- Engineered For FL Building Code
- Masonry construction
- Steel reinforced concrete footers
- Visqueen vapor barrier under slabs
- All permits and impact fees
- Engineered roof truss system
- Fungus Resistant, three tab fiberglass shingles (20 Year)
- Continuous exhaust ridge vent
- One year soil treatment for subterranean termites
- One survey
- PEX or CPVC water lines
- Elongated bowl toilets
- "Moen" or equivalent washer-less faucets (chrome color)
- Tub/Shower surround for bathrooms (no wall tile)
- Double, stainless steel, kitchen sink with sprayer
- Double Element quick recovery 40 gallon water heater (each side)
- Ice-maker supply lines
- Four-exterior hose bibs (2 per unit)
- Bathroom fixtures (tub surrounds, toilets and sinks)
- 150-amp back-to-back electrical service (standard overhead power)
- Standard toggle switches throughout in white
- Pre-wire for 2 TV outlets (each unit)
- Pre-wire foe ceiling fan in each bedroom, kitchen, and living room
- 2 Exterior weatherproof electrical outlets (each unit)
- Smoke detectors in each bedroom
- Standard light fixtures (each unit)
- High-efficiency central air and heat (10 Seer minimum rating)
- Air-conditioned walk-in closets
- R-19 fiberglass insulation for ceiling
- R-11 fiberglass insulation in frame partition walls
- R-4.1 Fi-Foil on exterior masonry walls
- Decorative masonry finish on exterior walls
- Aluminum frame, single hung, windows, throughout with tinted glass
- Raised panel, insulated, steel front door
- Raised panel, steel garage door, with window
- "Kwikset" antique brass, door knobs and entry locks
- All exterior doors to receive dead bolt locks
- Contemporary style front elevation, per plan
- All soffits are perforated vinyl or aluminum
- Flex Bon Paint
- All walls and ceilings to have one color throughout (walls are flat finish)
- All interior and exterior wood trim is painted semi-gloss
- 3.5" colonial baseboard throughout painted
- All interior door casing is 2.25" F.J. painted
- Interior door hardware is "Kwikset" standard antique brass finish
- Genuine marble window sills
- Skip-trowel textured finish on interior walls
- Vinyl-coated, ventilated shelving in closets
- Painted colonial style interior doors
- Colonial style bi-fold closet doors
- Custom-made kitchen cabinets and bathroom vanities (in white)
- Formica cabinet tops and vanity tops
- Medicine cabinets in bathrooms
- 21-cubic foot refrigerator (2)
- Self-cleaning range, with range hood and fan (2)
- Dishwasher (2)
- Tinted Glass Windows
- Screens on all operating windows
- Weather-sealed
- White frame
- Tempered glass on all sliding glass doors
- Ceramic tile floorinig in kitchen, foyer, and bathrooms
- ($3.25 per sq. ft.allowance / materials and labor)
- Wall to Wall carpeting in living room, bedrooms, den and hallways
- ($10 per sq. yd. installed allowance)
- Interior studs at 16" on center maximum
- Plate glass mirrors over vanities
- Washer hook-up
- Electrical dryer venting
- Fully finished garage
- Garage floors to have smooth finish
- 1,200 square feet of standard brush finished concrete driveways
- 8,000 square feet of Bahia sod
- One septic system with one lift station for both sides
- Two 4" wells with one submersible pump each well
- Two aerators with two pumps and two water softeners (one each side)
- Two concrete culvert pipes (one under each driveway)
- Standard sprinkler system
- Landscaping per Lee County Code