Yep, it’s a buyer’s market right now, and, thanks to my ex‘s failure to pay the mortgage, despite collecting the rent every month (from the Fort Myers Housing Authority – a HUD, section 8, Housing Choice Voucher Program, no less), the duplex is scheduled to be sold at the Lee County Justice Center, 1700 Monroe Street, Second Floor, Fort Myers, FL 33902, Monday, October 20, 2008, at 11:00am. Of course, if I had the $17,000 we currently owe on the mortgage, I’d be fine. But I don’t. I barely have the $408 for filing the divorce papers she insisted in.
If you’re looking for a nice rental property at a cheap price, I would recommend making plans to be there. We owe $208,000, plus or minus, and the current property appraiser‘s value is just under $140,000. When the market recovers, it’ll quickly climb back to the $215,000 or better.
It’s a nice little place, with, at the moment, still one renter. It’s located at 527 SE 6th Ave, Cape Coral, FL 33990, close to schools, the Cape Coral Hospital, Police Headquarters, Fire Station 2, City Hall, Cape Coral’s Historical Museum and Cultural Park Theatre, and minutes away from Del Prado and Wal-Mart or Pine Island Road and Target. Take a drive by, check it out and stop by the courthouse this Monday, around 11am. Thanks!
Update: The duplex sold for a mere $35,000, to CitiMortgage, their only bidder.