The BEST way to own your Ocean Front Condo…
25% Fractional ownership
$ 150,000.00
$20,000. DOWN - $ 750.00 PER MONTH
This unit has just been completely remodeled and updated… even the kitchen and bathroom cabinets were replaced. We had a designer come in and direct the renovation, and select the furnishings, and this is probably the nicest unit of its size on the beach... and definitely the nicest rental. Near Pensacola, on the Florida side of Gulf Shores, Alabama... Perdido Key (just a 6 hour drive from Atlanta) is one of the most beautiful beaches on the Gulf Coast. This is becoming THE luxury Gulf Coast destination, with every new unit being built at well over $1 Million.
GUARANTEE... If at any time in the future, you do not want to continue with your ownership, I will purchase it back from you for every cent you have invested into it.
We have owned a condo in Ocean Breeze East for 16 years… have enjoyed all of the time we wanted to there, and have been able to rent (weekly rentals in the summer and a snow-bird in the winter), covering ALL of my expenses, and a good profit along the way.
Now we are willing to bring in 3 partners, each owning an undivided 25% of the unit… sharing expenses, and sharing the income (and equity growth…). Even during the last 2 years of storm clean-up, these units have grown in value by 20 - 25% + per year… Your 25% interest is an equity position, so as the unit increases in value, so does your investment. We would also consider trading a fractional ownership in this unit for a fractional ownership in some other resort or vacation property.
Your 13 week undivided interest will be an equal share among 4 partners, and the time, profits, income, and expenses will be shared equally. Part of our expense is hiring a local management company that will assure this.
I WILL FINANCE YOUR SHARE WITH $20,000.00 DOWN, AND HOLD $130,000, WITH INTEREST ONLY PAYMENT OF $750.00 PER MONTH FOR 5 YEARS. THE UNIT RENTS FOR $1,495. PER WEEK - THUS, IF ALL OF YOUR 13 WEEKS WERE RENTED, YOU WOULD HAVE $19,435.00 PER YEAR IN INCOME, AND YOUR NOTE PAYMENT IS $9,000.00 PER YEAR.
THAT WON’T HAPPEN
BUT… IF YOU WERE TO RENT IT 50% OF YOUR TIME, AND USE IT THE OTHER, YOUR OWNERSHIP WOULD BE PAID FOR.
This opportunity is available to 3 individuals… I will not sell anyone more that 25%, nor do I plan to hold more than 25%. I KNOW this works… my wife and I bought a 25% interest in the unit next to this one in 1990, sold it in 1999 and bought 100% of this unit.
If interested, don’t hesitate… I believe this is the best opportunity available to own a 4th floor Ocean Front Condo, enjoy it, share it with your family and friends, and make money in the process.
Call: Jack Schafer (Atlanta) 770-289-3241
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