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5 Bank Owned Condos 7.2% Cap Now $248,400 For All
1071 S. Hiawasse Road, Orlando, FL 32835
N/A
673 SF
Residential Income
Single-Unit (SFR/ Condo)
Investment
Yes
7.20%
3
1989
-
Last Verified 8/27/2009
Listing ID 16289312
Highlights
Bank Owned units with tenants leases ending in 1/2010, 2/2010, 4/2010 ext.- Positive Cash Flow for the year $17,807
- 4 individual units that are 673 sq.ft
- 1 individual unit that is a 2/2 836 sq. ft.
- Property in 2006 sold for $275K to $290K
- What a deal at these amazing prices!!! Must Be Cash NO FINANCING
Description
"Bank Owned" 4 units that are 1 bedroom 1 bath 673 sq.ft. and 1 unit that is a 2/2 836 sq. ft. Great Property that is located in the Tradewinds condominium community in Metrowest. Fabulous community amenities include a lakeside pavilion with summer kitchen, lakeside beach, 2 heated swimming pools with spas, indoor racquetball court, 2 lighted tennis courts, state-of-the-art fitness center, car care center, and clubhouse with catering kitchen, bar and lounge area "A" Rated schools! Close to Metrowest Golf and Country Club, shopping, restaurants, entertainment and attractions!!! This is a package deal with tenants in the units. Bank is firm on price. Buyers only no brokers otherwise to be paid by buyer. Hoa is .30 cents per sq. ft. and taxes are $9384. Cap includes a 10% managment fee. Cap on this investment is 7.2%. Each unit layout and features varies on the unit. Pictures of standard units. Cah Deal No Financing.
From Metro West Bvld, Right (north) on Hiawassee, Right into Tradewinds complex
Map of 1071 S. Hiawasse Road, Orlando, FL 32835 (Orange County)
Created 6/22/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.