Looking for a joint venture partner to split profits with on a hotel-condo next to Walt Disney!

$189,900.00  (my price is $169,900.00)
1 Bed, 1 Bath

Property Details

HASSLE FREE OWNERSHIP! 

Brand new concept gives you an ownership opportunity in one of the top Hotel-Condo projects in the U.S.....NEW $10 Million Hotel-Condo Conversion Project.

• LESS THAN 1 MILE to DISNEY WORLD.

• Located between DISNEY WORLD©, UNIVERSAL STUDIOS, SEA WORLD, and the  ORLANDO CONVENTION CENTER.

• 295 units: 50% sold and converted to Condominiums.

• Two year developer lease back.

• Positive Cash Flow.

• Project started in Q4 of 2006.

• Planned price increases.

• Attractive financing options.

EXPECT CASH FLOW AND APPRECIATION! 

• Current Purchase Price: $189,900
                                       $169,900 (my price)
• Cash Back:  $16,990 (after closing)
• Closing Cost Paid: $2500
• 1^st year cash Flow + Incentives = $20,590.00
• Cash on Cash is 52%!!

What Is a Hotel Condominium?

• They are Hotels where the rooms are converted into Condominiums with luxurious furnishings.
•  In some cases they are purpose built instead of conversion.
• A Hotel-Condominium suite or studio is managed and operated on a short-term rental basis just like an ordinary hotel room.
• They are normally considered an investment property.

Hotel Condominium Trends

• “Hotel-Condos are one of the hottest products in today’s real estate market. New buyers are entering the market daily.”
• There is a spreading enthusiasm about the Hotel-Condo concept. More people are recognizing its potential and therefore creating demand for more inventory.”
• “The vast majority of buyers want Hotel-Condo units primarily as investments and are focused on the potential for appreciation with the side benefit of hassle-free ownership.
• They see the ability to actually use their Hotel-Condo unit as a vacation home as important but secondary to their goal of investment diversification.”

Source: Joel Greene, Ezine Articles

• The owner of a Hotel-Condominium can place their unit in the short-term rental program where it will be professionally managed, maintained, and operated just like a standard hotel room. It will generate highly predictable monthly income because monthly/annual occupancy and average daily room rates have been established for this property because there is 15 years of operating history on it (originally built in 1992).

Benefits of Owning a Hotel-Condominium

• 100% HASSLE FREE OWNERSHIP  

• As an investment this asset can generate positive cash flow and appreciate in value based on its income producing ability and increasing land prices in the general area.

• There are no vacancy issues like you have with other types of rental properties.

• It can be sold at anytime just like any other property. (Deed and Title Real Estate)

Why THIS AREA of Florida?  

• 2006 Appreciation was 11%.  This trend is expected to continue.

• Over 1,000 new families move to Florida every day.

• 3rd expected to be the most populated state by 2011.

• Florida population expected to double by 2025.

• Foreign investors favor Florida over other states.

• Florida is a magnet for 78 Million “Baby Boomers” who consistently list it as their top choice for retirement, as well as a top choice for a second home or condominium.

• #1 Tourist/Convention destination in the world.

• Over 55 Million visitors annually.

• #2 Convention center in  U.S. in size and attendance (soon to be #1).

• Orlando is booming. It is a “hot bed” of activity. Billions of dollars in development projects are going on all around the Convention 

• Center, Disney World, Universal Studios, and Sea World.

• Orlando has been ranked 7th fastest growing metro area in the  U.S. every year since 2000.

• 78 Million Baby Boomers are retiring. When surveyed they list Florida as their #1 choice for a retirement destination.

• Baby Boomers, migration, and immigration are the driving force behind the projected population growth in  Central Florida , which is expected to double from 3 Million to 6 Million by 2030.

• Orlando job growth is strong. Unemployment is low: only 3.0% in 2006 compared to 4.6% for the  U.S.

• The  Orlando International Airport is 11th fastest growing airport in the world.

• A high concentration of lakes is ideal for fishing and water sports.

• It has beautiful weather, championship golf, incredible shopping, and close proximity to world-class beaches.

• Foreign investors favor  Orlando over other Florida and U.S. cities.

Call 418-664-0785 to discuss a possible partnership!
 

Or Email Here

Hurry! This opportunity won’t last long.