Many boomers today have flat incomes and less home equity and may be renters of second or retirement homes by necessity or choice for years to come.
Cape Coral, FL (Vocus) March 4, 2010
A Cape Coral, Florida, Gulf of Mexico access pool duplex could probably be purchased for under $299,000 or $104.49 a square foot as a distressed sale. Luxury Lifestyle Homes (http://www.LuxuryLifeStyleHomes.com) Broker Robin Speronis alerts buyers of Gulf of Mexico access, pool duplex houses that both a rare cash flow and equity opportunity exist in Cape Coral, Florida.
“Emerging trends in demographics and consumer behavior of baby boomers suggest that the next wave of retirees heading to the Sunbelt states will favor a more mixed-age living environment that caters to their active lifestyle in an urban area that is close to shopping, dining and entertainment,” states Robin Speronis, expert and insider on Southwest Florida real estate. Speronis goes on to say,” Many boomers today have flat incomes and less home equity and may be renters of second or retirement homes by necessity or choice for years to come.”
This duplex was built in 2006 with southern exposure, a dock and is minutes to the Caloosahatchee River. Each side is 1,435 square feet with 3 bedrooms, 2 baths and a 2-car garage. The pool is heated and shared between the two units.
2009 taxes for a non-homestead owner would be $4,800 and $3,900 for a homestead owner. Insurance will probably be under $2,000. All water and sewer assessments are in and paid. The Gold Coast location in Cape Coral, Florida is a prime spot for boating, shopping and dining.
An investment and retirement strategy or an exit strategy for a unique and relatively scarce duplex, would be converting the property into a two unit condominium or "twindominiums". The legal work will cost between $1,500 to $2,500. Many buyers prefer a twindominium because it almost a house and homier then a cookie cutter condominium. A twindominium would also appeal to the buyer who can't afford a Gulf access, single family pool home or does not want the upkeep - especially if it is a second home.
The website http://www.LuxuryLifeStyleHomes.com has details and pictures on this duplex in Cape Coral, Florida. Broker Robin Speronis is also available to answer questions on this property as well as other properties in Southwest Florida through an integrated chat feature on the website.