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Large Luxury Apartments In Orlando

Last Updated2012-01-29
Created Date2012-01-29
local price (USD)52,000 Dollars
UK price£34,829
RegionFlorida - USA
TownFlorida
State of PropertyReady for occupation
Description
This development consists of a selection of units focused around a large community pond, clubhouse and resort style swimming pool and spa. The development is set within beautifully landscaped gardens offering residents a chance to relax in the Florida sunshine just minutes from their front door.


Most properties are currently tenanted by young professionals and families, producing net yields up to 9.8% allowing investors to start earning from day one. Properties are available for a cash purchase of $52,000 (approx. £;36,000).


This luxury development has been completed to very high standards with all apartments featuring:


Large size properties - 1,000 ft2

Ceramic kitchen tiles and foyers

Gourmet open plan kitchens and bar area

Will size washer/dryer connections

Stainless steel appliances

Private terraces and balconies

Large walk in closets

Formal dining area


There development also has plenty of facilities available to residents, including:


Resort style swimming pool and spa including a tanning deck

Lush tropical landscaping

Cable television available

Clubhouse

Playground area

Gardens and park area

BBQ and picnic area

Valet service


The development is ideally located in south eastern Orlando, providing residents with superb access to the surrounding area thanks to the brilliant road network in and around the Orlando region.


The apartments are within easy reach of all the local attractions:


Disney World Resorts & Downtown Disney: 15 minutes drive

Universal Studios: 10 minutes drive

Sea World: 5 minutes drive

Water Mania: 5 minutes drive

Gatorland: 10 minutes drive

Kennedy Space Centre: 25 minutes drive


This is a superb chance for investors to buy a luxury property in the most popular tourist destination in the USA for a massively discounted price. Financial Breakdown


2-bedroom, 2-bathroom apartment with a pond view (1,076 ft2)


Cash purchase price: $52,000

Rental income: $9,240 pa

Gross yield: 17.8%

Annual deductions: $4,909 pa

Net income: $4,331 pa

Net yield: 8.3%