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Old 04-24-2012, 08:05 AM
 
50 posts, read 128,214 times
Reputation: 49

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Hey everyone. I've found some posts about this area but most of them are a bit old, so I thought I'd ask here for some feedback on this development : Arbors At Carrolwood.

I had a chance to briefly visit it and my general impression was overall good. Since I'm not a resident of Tampa, I dont really know how safe the area is, and what the perception is for those who live in Tampa. Can anyone comment?
My goal is to get an investment property, long term goals. I will NOT occupy the condo, just keep it rented for the next few years, in hopes to see some appreciation over the next 10 years, by the time I will start thinking about retirement.
I already own 2 investment condos in Sarasota, and the revenue from them is not really what Im mostly concerned about. These properties are paying for themselves, leaving me a ROI of some 9% to 11%, but my real goal is the potential for appreciation over a long term, while the properties carry themselves.
Does anyone know what price range the rentals in this area would be?

Many thanks.

Note - Im already working with a realtor, just looking for some personal views now.
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Old 04-24-2012, 09:54 AM
 
Location: East Tennessee
3,928 posts, read 11,606,138 times
Reputation: 5260
I've lived within 5 miles of Arbors for 25 years so I watched them being built. It's a good location though very close to busy Ehrlich Rd. The construction is stucco over frame. The fees are too high for what you get. Newer management is supposed to be better than the one previous, but there's nothing they can do about noise through paper thin walls. Even though the community is gated, there are still reports of burglary and theft. I think the 3-4 bedroom townhouses are a better investment if you can get one. My USD.02.
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Old 04-26-2012, 05:55 AM
 
50 posts, read 128,214 times
Reputation: 49
Thanks for your input.

Anyone else?
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Old 04-26-2012, 07:33 AM
 
2,729 posts, read 5,206,610 times
Reputation: 2357
I drive in front of it at least once a week in my way to Sam's or other shopping places around there and looks OK to me, if my windshield survey counts
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Old 04-26-2012, 03:18 PM
 
50 posts, read 128,214 times
Reputation: 49
Quote:
Originally Posted by MeInDenudinFL View Post
I drive in front of it at least once a week in my way to Sam's or other shopping places around there and looks OK to me, if my windshield survey counts
...that counts too.

Basically, Im trying to find out if the perception out there about the area is either "stay away" or "nice area".

Im buying a couple of cheap rental properties, from 40k to 65k, and being away from FL makes it difficult to know what good or bad out there. The recent weeks showed a lot of listings going over asking, multiple offers, bidding wars, etc. So now Im bidding on properties before I see them (otherwise they sell on the first day!) and if the bid is accepted, then I fly and check it out.
Just want to avoid the "sex offender paradise" and "daylight robberies" areas.
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Old 04-27-2012, 07:32 AM
 
Location: Castle Rock, Co
1,613 posts, read 3,240,813 times
Reputation: 969
My sister lives in there now. The place is pretty nice, my brother in laws car was broken into out front about 2 months ago eventhough its gated. There biggest complain is the noise from the neighbors but thats kind of a given with any apartment you buy (these were apartments turned condos and now there a mix of the 2)
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Old 04-27-2012, 08:19 AM
 
Location: Tampa, FL
3,237 posts, read 6,325,429 times
Reputation: 1492
Quote:
Originally Posted by baiaxaba View Post
Just want to avoid the "sex offender paradise" and "daylight robberies" areas.
The area you are looking is definetly not one of those areas.

"daylight robbery" areas are "north tampa" (not to be confused with north hillsborough county), town and country, most of the inner core of the City of Tampa excluding South Tampa and Westshore area, anything with the word "heights" in it, Ybor, West Tampa,

Sex offender paradise would be Pinellas Park, Kenneth City, Lealman, New Port Richey, Port Richey, Hudson, Shady Hills, Moon Lake, and most of West Pasco county
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