Milan – Venezia

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Property Details

With demand in Central Florida for tenanted, investor units at an all time high, we have been able to source a true gem in “Milan”. Not only are we able to provide an opportunity with immediate cash-flow, but also a program with a guaranteed rental option for 18 months, with pricing from $78,700 – $109,600.

Guaranteed Leaseback Program – 18 Months

      • Limited Unit Availability
      • 3 Bed Units Starting At $106,600
      • Net Yield Being Achieved – 7.61% – 8.05%
      • Annual Cash-Flow Up To $8,823.96
      • Pay Only H.O.A. & Taxes In First 18 Months
      • No Management Fees During Leaseback Period

Located approximately 8 miles from the hustle and bustle of downtown Orlando and all it’s cultural attractions. This project has immediate access to SR436, sitting just 4 miles west of interstate-4 and the growing community between Altamonte Springs and Apopka, along the orange county and Seminole county line.

The immediate area is currently home to over 42,000 residents, while keeping the small town friendly feel and the high quality of life that we all enjoy.

A selection of 1, 2 & 3 bedroom, spacious condominiums with either patio (1st floor) or solarium (2nd floor) plans. Entry pricing ranges from $78,700 – $109,600 – with 5 Floor plans to choose from.

The resort is a gated community with controlled access for all tenants and guests. Amenities include, a large, spacious clubhouse with meeting area, conference room, fitness center and kitchen (available for private parties or functions), including a serene landscaped setting with pool area.

All units are being sold under a 18 Month guaranteed rental program, effective from the date of closing. Yields being achieved range from 7.61% – 8.05% with an annual cash-flow up to $8,823.96.

All Units Available Immediately

MFPS – Orlando meticulously select investment options based upon genuine appreciation potential. This specially negotiated opportunity provides any investor with peace of mind and security, while providing a rental income from day one.

Model Example:

Unit

3 / 3 + Patio

3 / 3 + Solarium

 

 

 

Purchase Price

$106,600

$109,600

 

 

 

Square Footage

1210

1275

Bedrooms

Three

Three

Bathrooms

Two

Two

 

 

 

Monthly Income

$1,080.00

$1,180.00

Gross Yield

12.15%

12.91%

 

 

 

Operational Costs

 

 

Real Estate Taxes

$62.94

$70.53

Condominium Fees

$340.83

$374.14

Onsite Management

Included

Included

Monthly Total

$403.77

$444.67

 

 

 

Monthly Cash-Flow

$676.23

$735.33

Annual Cash-Flow

$8,114.76

$8,823.96

Net Yield

7.61%

8.05%


  • Beds3
  • House Size1210 sqft
  • PriceStarting From $106,600
  • Property TypeCondominium
  • CommunityMilan
  • Developer-
  • Baths2
  • Price/sqft$ 88
  • Property StatusAvailable Now
  • Year Built2001
  • Floors1
  • GarageNo
  • Interior FeaturesA Welcoming Clubhouse! This central feature of the resort is the gateway to all amenities and activities. Decorated in elegant fittings and a neutral color scheme it provides a relaxing area, along with access to a state-of-the-art fitness room with attached children’s play room, meeting room, full service kitchen area which can be utilized for private functions. Lavishly Appointed Residences! Spacious 1, 2 or 3 Bedroom floor plans with the choice of private patio (1st floor) or solarium (2nd floor). All residences have 9-foot ceilings and include plentiful array of storage areas. Kitchens include frost-free refrigerator with icemaker, microwave, stove and dishwasher, with ample cabinetry and pantry storage. Also included are large roman tubs in the bathrooms, with washer / dryer hook ups in all units
  • Exterior FeaturesFlorida – Where Life Is Best Lived Outside! The resort has a sun drenched pool area complete with spa, while also having immediate access to the clubhouse and lanai area if you choose to escape the Florida sun. Located nearby, you’ll find the Wekiwa springs state park, over 7,000 acres of wild scenic park, a tribute to the Timucuan Indians. Other Orlando attractions are close by – Downtown Orlando, Univeristy Of Central Florida, Universal Orlando Resort And Walt Disney World Resort
  • Resort AmenitiesClubhouse With Onsite Management, Kitchen & Lounge Area, Kiddie's Playroom, Fitness Room, Conference Room, Large Covered Lanai, Resort Style Pool, Security Gate Controlled Access
  • HOA Fees$374.14
  • HOA IncludesWater, Sewer, Trash, Master Policy For Building & Roof Insurance, Full Communal Landscaping, Exterior Pest Control & Basic Cable T.V.
  • ZoningResidential / Long-Term Rental
  • Additional RemarksClosing Costs Amount To Approximately 3% Of Purchase Price, Which Includes All Recording & Documentation Fees, Title & Legal Fees, H.O.A. Transfer & Management Set-Up Fees.


Location


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