Residences of Milan Condominiums near Orlando, Florida
Price From: $ 78,700
- Prices are approx 60% below their peak in 2007
- Professional Tenants already in place, the apartments are 98% Occupied
- Rest assured – 18 month rental guarantee in place (to protect you against any unlikely gaps in tenancy)
- NET Yields of up to 8.5 % after deductions
- Fully managed, hassle free, Armchair investment
- 18 months FREE MANAGEMENT INCLUDED
- Huge capital growth potential
- FREE Cleaning, repainting, minor repairs between tenants (first 18 months)
- Prices from just $78,700
Residences of Milan Condominiums in Apopka are high yielding central Florida condos available for a limited time only. Don’t miss out on this opportunity to purchase Florida property at unbeatable prices!
THE OPPORTUNITY
Residences of Milan are a gated condominium development is the city of Apopka just 11 miles North West of Orlando. Construction was completed back in 2007 just before the economic crash. As a result only a few of the apartments were sold and the developer went bankrupt. The remaining apartments were foreclosed by the bank before they were bought by a fund, who bought the finishes up to the high standards that you’ll find them today. The new owners then put a management company in place and set about renting the apartments. They are now looking to sell the individual apartments to property investors with tenants already in place.
While the recovery in house prices in Florida will not happen overnight, recent indications are that the market is showing good signs of recovery. There are less foreclosures on the market and resales that were achieving just 90-95% of their list price are now achieving 100% and in some cases 105%.
KEY FACTORS THAT WILL DRIVE CAPITAL APPRECIATION
- Buying low – 60% below peak prices
- Fast growing population (State, metropolitan and local)
- Lack of supply – No new homes being built
- High demand – growing population
- Renters looking to become home owners again as the lending market improves and credit history is wiped clean
- Fast growing city
This is not however something we consider being a short term investment opportunity. Interested parties should be looking to hold these properties for at least five to ten years to maximize the capital growth potential. With current NET yields of up to 8.5% per annum after costs, the investment gives a good annual return on cash invested and far from being arduous to hold, the investment more than pays for itself. There is no risk in terms of finding a suitable tenant as tenants are already in place. Even in the eventuality that your specific unit should be untenanted for any period of time, the current owner and their property management arm are so confident that they will guarantee the rental income eliminating any risk to you in the first 18 months of ownership. Looking beyond the first 18 months, with occupancy rates currently at 98% and population increasing at such a vast rate, it is unlikely you will suffer anything other than a gap between tenants.
THE MILAN CONDOMINIUMS – PROPERTY FEATURES
APARTMENT HOME FEATURES
- Spacious 1, 2, & 3 bedroom apartments
- Private patio (1st floor) or solarium (2nd floor)
- Nine foot ceilings gives feeling of space
- Spacious (847sq ft 1 bedroom – 1210 sq ft 3 bedroom)
- Fully fitted kitchens with refrigerators and dishwashers
- High speed internet
- Large walk-in closets
COMMUNITY FEATURES
- Professional on-site service and property management staff
- Gated / Control access & security cameras
- Resident clubhouse featuring TV club room
- Fitness centre / GYM with adjoining children’s crèche / playroom
- Large outdoor pool and Jacuzzi
- Beautifully maintained landscaped gardens
- Garages and storage available (see additional rental options)
- 24 hour emergency maintenance
Location
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0800 862 0280
+44 (0) 20 7183 4045
+44 (0) 20 7183 4045
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