Property Details

TITLE:
French Riviera Condo
CONTROL:
Buyers Broker
VALUE:
$500,000
LOAN:
$0
EQUITY:
$500,000
TYPE:
Resort Property
HAVE:
Condo for investment and/or personal use in Cannes (beautiful waterfront major European conference city). Rent 30 days for expenses and have for personal use rest of time.
WEBSITE URL:
ADDRESS:
8 place du commandant maria, Cannes, United States Minor Outlying Islands
BENEFITS TO NEW OWNER:
Beautiful French Riviera Investment for 3 to 5 major conference Personal Use remainder of time Possible Seller Financing Fully furnished/equipped
GROSS SCHEDULED INCOME:
$50,000 Projected
VACANCY LOSS:
$1
GROSS EFFECTIVE INCOME:
$49,999
EXPENSES:
$20,000
NOI:
$29,999
DEBT SERVICE:
$0
CASH FLOW:
$29,999
CAP RATE:
6.00%
REMARKS:
Opportunity to own an investment fully furnished and/or personal residence in South France. Within 1 km to all convention center, beach, shops, train, & restaurants. Balcony on both sides of condo with park and city views. Client seeking 460k Euro.
COUNSELOR:
Theresa Mueller
Trelleum Real Estate
132 N Washington
Naperville, Illinois, 60540
Cell: 630-715-9999