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ORLANDO CONDOS - POSITIVE CASH FLOW INVESTMENT
 
Investment Highlights
 
  Type : Condos  
  Address   Oviedo, FL  
  Pricing : $138,000+ $164,400+  
  Down Payment   10 to 20%  
  Status : Completed  
     
  Projections: : 1 Br 2 Br  
  Rental Income   $10,800 $13,200  
  Real Estate Taxes   ($2,200) ($2,650)  
  HOA   ($2,000) ($3,132)  
  Property Mgmt   ($0) ($0)  
  Operating Income   $6,600 $7,400  
  Cap Rate   5% 5%  
         
  Incentives:      
  - Developer Pays Property Mgmt for 2 Years  
     
  Year 1 Equity:  
  Equity Vs. Appraised   30% 30%  
 
Pricing : $138,000 & up
Description

Villas Lakeside Orlando is an institutionally-owned community offering unique amenities, architectural details and superior interior finishes.  Built in 1998 by Lane Company, the Property offers five distinct floor plans, which include a mixture of one-, two-, and three-bedroom units that average a spacious 946 square feet.  Unit interiors contain a long list of luxury amenities including ceramic tile foyers, full-size washers and dryers, ceiling fans, walk-in closets, and intrusion alarms.  Residents enjoy a comprehensive list of community amenities including an elegant clubhouse, state-of-the-art fitness facility, executive business center, resident club room with full kitchen, a resort-style swimming pool with heated spa, large sundeck, veranda and detached garages. 

 

   
 
 

 

Additional Information
          • Incentives Summary: 
            Option A:
            Seller Provides 10% Down Payment Assistance
            Seller Pays 3% Seller's Concession Toward's Closing Costs
            Seller Pays 2 Year's Mortgage Payments (Paid based on 90% LTV Loan at 7.25% Interest Only)
            Seller Pays 2 Year's Taxes
            Seller Pays 2 Year's No HOA (Maintenance) Fee's
            Seller Pays 5% Management Service Cash Credit to Buyer (received within 30 days of closing)
            Note: (2 Year's No Mortgage Payments and No Taxes are paid through a 24 month leaseback program)

            Option B:
            Seller Pays 10% Down Payment Assistance
            Seller Pays 3% Seller's Concession Toward's Closing Costs
            Seller Pays 1 Year Mortgage Payments (Based on 90% LTV Loan at 7.25% Interest Only)
            Seller Pays 1 Years Taxes
            Seller Pays 1 Year HOA (Maintenance) Fee's
            Seller Pays 11% Management Service Cash Credit to Buyer

          • Villas is located in the northeastern Orlando suburb of Oviedo approximately 15 to 20 minutes from downtown Orlando.  Oviedo is situated in Seminole County and provides an outstanding residential atmosphere with one of the highest rated school districts in the nation.  Over 80% of all high school graduates of the Seminole County Public School System go on to pursue higher education and a person can go from preschool to a post-graduate degree all within five miles of Oviedo.  Villas offers frontage on The Central Florida Greenway (S.R. 417) and is located in close proximity to the Oviedo Marketplace Mall, the University of Central Florida and major local employers.  High tech and professional jobs are mainstream for Oviedo where income demographics are amongst the highest in Central Florida.  Civic and social groups round out Oviedo in a way that allows a hometown atmosphere to prevail in an ever-growing environment.

          • Favorable Demographics

             

            The area surrounding the project exhibits favorable demographics for the planned conversion to for-sale condominiums:

            -

            Population growth within a one- and three-mile radius over the next five years is projected at approximately 11% and 14%, respectively, well above the national average.

            -

            Average household income within a one- and three-mile radius is estimated at $91,347 and $93,544, respectively.

            .
  • Built Year: 1998

Buildings

Twelve (12) 3-story apartment buildings plus clubhouse

 

 

 

 

Unit Mix

Unit Type

 

# Units

 

% Mix

 

SF/Unit

 

Total SF

 

 

 

 

 

 

 

 

 

 

 

1 BR/ 1BA

 

 36

 

12%

 

 620

 

 22,320

 

1 BR/ 1BA

 

 48

 

16%

 

 720

 

 34,560

 

2 BR/ 1BA

 

 52

 

18%

 

 910

 

 47,320

 

2 BR/ 2BA

 

 118

 

40%

 

 1,041

 

122,838

 

3 BR/ 2BA

 

 40

 

14%

 

 1,277

 

 51,080

 

 

 

 

 

 

 

 

 

 

 

Total / Average

 

294

 

100%

 

946

 

278,118

 

 

 

Community Amenities

 

Unit Amenities

Amenities

-

24-Hour Fitness Center

-

Private Terrace or Veranda

 

-

Stunning Pool with Jacuzzi Jets

-

Spacious Kitchen Pantries

 

-

Tanning Deck

-

Full-Size Washer and Dryer

 

-

Scenic Lake Views

-

Custom-Designed Kitchen

 

-

Business Center

-

Whirlpool Appliances

 

-

Two Lighted Tennis Courts

-

Expansive Walk-In Closets

 

-

Detached Garages with Auto Remote

-

Crown and Chair Rail Molding

 

-

Elegant Community Clubhouse

-

Ceiling Fans

 

-

Playground

-

Outside Storage Area

 

-

Car Care Center

-

Designer Color Scheme  

 

-

Private Jogging Trail

-

Double-Basin Stainless Steel Sinks

 

 

Parking

558 open spaces (1.9 per unit) plus 28 detached garages

 

 

Contracts
  • Reserving a unit is easy. Phone Call Is The Best Way To Contact Us & Get Rapid Response.
   
 
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