Soo many investors out there are trying to buy in the Royal Grand Condo community and most of them can’t understand why their offers never get accepted well i will tell you why your offers in royal grand never get accepted .
Here are some recent sales in the last 6 months in the Royal Grand Community which include Foreclosed properties and Short Sales. This 6 month period is from November 2010 to April 2011.
Closed Sales For 1 Bedrooms
2600 S University Dr #103 Sold Price $65000.00
2600 S University Dr #113 Sold Price $ 65000.00
2600 S University Dr #214 Sold Price $65000.00
Closed Sales For 2 Bedrooms
2600 S University Dr # 325 Sold Price $80000.00
2640 S University Dr #208 Sold Price $80000.00
2620 S University Dr #212 Sold Price $83500.00
2640 s University Dr #223 Sold Price $82900.00
2600 S University Dr #221 Sold Price $91000.00 ‘Yep 91K’
2620 S University Dr #306 Sold Price $85000.00
Closed Sales For 3 Bedrooms
2600 S University Dr #101 Sold Price $90000.00
2600 S University Dr #315 Sold Price $90000.00
While the 2 bedroom models offer the best return overall and they always seem to rent the quickest usually around $1200 – $1250 per month they offer the investors the best bang for their buck. 1 Bedrooms are in big demand at the current time in 2011 but rarely do 1 bedrooms come available in Royal Grand but if they do come available its best to really make sure you are getting a good unit in the community overall.
3 bedrooms look like the best return on the dollar because I know most people are thinking for only a few thousand more they should be able to increase their returns to maybe 15% compared to 10-11% with a 2 bedroom model the truth of the matter is 3 bedroom models in royal grand along with all the other investor friendly communities near the college campuses are always harder to rent for some reason or another.
