In a market flooded with condo inventory, many investors and 2nd home buyers are having a hard time figuring out what community will have future value, solid rental income or just a nice place to live with a good price point and reasonable HOA fees. The Lennar built community of Matera offers all of the above. Built in 2006, this small community of townhomes feature 1900 sq.ft. of living space and a 1 car garage in a great location off of Colonial Blvd just East of McGregor Blvd. The Royal Palm Square Plaza is located right across the street with many restaraunts, offices, Publix, and even the Royal Palm Dinner Theatre. Take advantage of the distressed market as the few foreclosures and short sales that are left are being sold starting at $78,000. Current annual rental rates are stabalizing between $1,000-1,100 per month. HOA fees are currently $278 per month which does include the insurance on the exterior of the building. This is one of the very few newer built communities that offer a good size home for under $100,000 in a good location. To view current listings, click here.
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