Low financing is finally available with only 15% down and interest rates starting at only 3.75% for the new condos located in downtown Leavenworth!
For many people owning an elegant condo in Leavenworth is hard to justify because of high costs and the fear that you won’t be able to use the condo as much as needed to justify the cost. Fortunately, fractional ownership is a great way to enter the second home market. It works just like any other real estate transaction. Financing is available from a local bank for 1/8 , 1/4, or 1/2 of a fraction, or for purchasing the whole condo.
Investors can buy a percentage of the condo and use it for their agreed upon weeks of the year (1/8 fraction equals 7 or 6 weeks per year). OR you can invest in the whole condo and sell off 1/8 fractions of your condo at a later time to recoup your investment.
The condos are managed by a professional rental management company and the 9 condos are run as an upscale hotel. For the weeks you are not able to enjoy your condo, you can put your weeks in the rental pool and earn money on your investment. They are renting for up to $350 a night.
You can check out rental rates and more pictures at www.destinationleavenworth.com
Fractional Ownships are becoming very popular in recreational areas such as Hawaii, Vail and other in-demand vacation hot spots. Leavenworth’s natural beauty, four seasons of recreational opportunities, and popular real estate market makes it an irresistible bargain.
Please call Stephanie of Prudential Mike West Real Estate at 509 860-7525 if you have any questions. scuthill@prudentialmikewest.com -Stephanie Cuthill
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