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Davenport > Polk County > Florida > United States Apartment - Flat Available

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Apartment/Flat Description

IDEAL FOR INVESTORS ON A BUDGET

OPPORTUNITY TO PURCHASE A BARGAIN PRICED BANK OWNED 1 BEDROOM APARTMENT WITH LAKE VIEW, CLOSE TO ALL THE ATTRACTIONS IN ORLANDO !!

Zoned for short term holiday lets as well as long term rentals

PRICE OF PROPERTY: $29,900 / €21,824 / £19,801

TOTAL COST TO BUY THIS PROPERTY INCLUDING ALL PUCHASE COSTS AND FEES: $34,897 / €25,470 / £23,109

•1 Bed 1 bath Apartment in Beautiful gated Community

•Ideal for Holidays Rentals as well as Long Term Rental

•Fantastic Capital Growth Potential - less than 25% of 2007 purchase price

•Close to Disney, Theme Parks, Shops and Restaurants

PLEASE NOTE THIS IS A BANK OWNED/FORECLOSED PROPERTY AND ALTHOUGH THE BANK HAS LISTED THE PROPERTY FOR SALE AT ONLY $29,900 USD, WE WOULD STRONGLY RECOMMEND FROM EXPERIENCE, THAT IF YOU ARE KEEN TO ACQUIRE THE PROPERTY - AN OFFER OF $5,000 USD OVER THE ASKING PRICE IS SUBMITTED TO THE BANK IN ORDER TO STAND A CHANCE OF BEING SUCCESSFUL WITH YOUR OFFER !!

This 1 bedroom, 1 bathroom apartment is situated in a really beautiful well kept community in a central location in Orlando, within 20 minutes drive of Disney World, close to shopping and fine dining.

The resort offers heated swimming pools, tennis courts, club house, fitness centre and picnic areas with bbq grills. The resort is zoned for holiday rentals making it an ideal investment for those wanting a holiday home and an income from holiday rentals or for renting out long term.

The apartment which was built in 2006 and measure 633 sq ft of build area, offers 1 double bedroom, 1 full bathroom, lounge with dining area, fully fitted kitchen and a balcony area with views overlooking the lake

This property can be rented out for an average of $80 a night through the property management company, providing you with an excellent MONTHLY INCOME.

Rental Information for apartments/townhouses:

With regard to the rental potential for your property, Florida has 3 peak holiday seasons, Xmas, January to March and Summer. You can expect to achieve a realistic rental of $80 per day and up to $100 in peak season (our aim is to give you a 15% to 20% net annual return on your investment with rental income). The Management Company we recommend will rent out your apartment for you and will look after the maintenance. They cannot guarantee the amount of rental weeks as the most lucrative rentals are short term vacational rentals. They can however, certainly supply you with many rental clients and we have always found them to be extremely reliable in their forecasts. Please see below an extract from a communication between ourselves and the Management Company.

¨Also we will help the buyer of the home with advising them where to place their home to advertise a little themselves and if they can pick up 10 weeks a year (which only means 5 bookings at 2 weeks each) then they will do quite well if we are achieving 30 weeks on top of that figure. We should be able to generate 30 to 32 weeks if the market is ok and even more in some instances. If the property is really nice, in a good location and the furnishings are good, it will rent itself.¨

Annual expenses include:

Property tax $645

HOA / Community Fees $1,812

Rental management company at 15% of rent if required.

We bring you the whole package:

•Low priced Florida properties with huge savings.

•Property Management Company.

•Engineers Home Inspection Report.

•Title Compàny / Attorney Assigned.

•Complete unrivalled supervision of your purchase from start to finish.

•Insurance available on request.

•Assistance with the opening of an American bank account if required.

•Mortgages available.

•Furniture packages available.
Prices are calculated at the following currency conversion rates: $1.37 = €1 $1.51 = £1


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€23,677  |  £19,801  |  US$31,227
(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 638213 
Town Davenport 
Region Polk County 
Province Florida 
Country United States  
Type Apartment/Flat
Bathrooms
Bedrooms
Category Re-Sale  
Listed over 1 year ago
Looking at property as an investment? ...   Find out more >>

Property Characteristics

  • Pool:  COMMUNAL HEATED POOL
  • Garden:  COMMUNAL GARDENS
  • Parking:  PARKING
  • Distance to Shops:  Close

Map of Davenport, Florida, United States


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  • Haines City   • Loughman


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Price: £19,801
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Purchase this Apartment/Flat in Davenport for

US$52p/m

(60% LTV, 5% Interest Rate, 30 years)

(Subject to status. Information given for guidance purposes only.)

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Price of Property in Davenport, USA

Property Type Min Price Max Price Median Price
(All prices in EUR) Davenport USA Davenport USA Davenport USA
Apartment/Flat 19,801 15,500 215,000 1,305,000 - 264,000
House/Villa 240 23 1,975,000 75,000,000 231,900 242,990
Townhouse 35,000 625 255,000 6,000,000 - 209,900
New Home 133,900 97,600 295,900 388,990 - -

* Calculations based on 535 properties for sale in Davenport and 3641 properties for sale in USA




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