Site Last Updated on Sep 2nd 2010
Florida Property Investment
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immediate rental income
72% below peak selling prices
These homes for sale in Orlando provide a time-limited investment opportunity to generate annual yields up to 15% on a total investment of £36,500.
Palmas Altas occupies a prime location within Orlando, only minutes from Disney, Downtown Orlando and the International Airport.
The 2 bedroom luxury homes for sale in Orlando are available at prices up to 72% below their most recent closing price and with tenants already in place on long term contracts generating immediate income.
Florida Property Investment Highlights
- Prime location near Downtown Orlando and International Airport
- Luxury Investment Properties
- 72% Discount from most recent selling prices
- Only £36,500 required to invest
- Over 15% Gross Yields
- Tenants already in place
- Immediate Income
- All closing costs paid
- Hassle Free Rental and Management
- Track record of long term rentals
- Minutes away from Walt Disney World and The Wizarding World of Harry Potter
- 2 bed 2 bath tenanted 1076 sq ft apartments
- Potential to generate in excess of 100% on capital investment (excluding rental income earned)
- Population of Florida increased by 23,000 last year and will continue on its long term trend reaching 300,000 new residents a year by 2014*
*University of Florida’s Bureau of Economic and Business Research
Contact one of our property experts today to secure your Florida property investment.
Comprising 65 luxury 2 bedroom homes for sale in Orlando, all Pre-Rented to young professionals and families on long term contracts. Palmas Altas is one of the master pieces in the developer’s portfolio of developments.
These quality designed luxury properties are situated within beautifully landscaped and manicured gardens with a lake and outdoor pool which residents are able to use.
Palmas Altas epitomises everything that is quality about Orlando with luxury fittings, valet service and Cabana clubhouse. All this from just $54,778 (£36,500) plus $3280 admin fee.
Community Facilities
Internal Specification
These quality designed luxury properties are situated within beautifully landscaped and manicured gardens with a lake and outdoor pool which residents are able to use.
Palmas Altas epitomises everything that is quality about Orlando with luxury fittings, valet service and Cabana clubhouse. All this from just $54,778 (£36,500) plus $3280 admin fee.
Specifications
Community Facilities
- Lush Tropical Landscaping
- Cable Service Included
- Resort-Style Swimming Pool with Tanning Deck
- Cabana Clubhouse
- Playground
- Recreational Park
- BBQ and Picnic Area
- Valet Service
Internal Specification
- Ceramic Tile Kitchens and Foyers
- Gourmet Kitchen with Open Serving Bar
- Stainless Steel Appliances
- Full Size Washers and Dryers
- Private Terraces and Balconies
- Walk-in Closets in each Bedroom
- Formal Dining Rooms
A Prime Location
Palmas Altas is located ideally for workers to commute short distances to either downtown Orlando, the International Airport or the many theme parks and supporting businesses.
Airports:
Orlando International Airport - 2 minutes drive.
Orlando Executive Airport - 3 minutes drive.
Universities:
Full Sail University – 5 minutes drive.
University of Central Florida (UCF) – 8 minutes drive.
Tourist Attractions:
Sea World – 4 minutes drive.
McCoy Air Force Base - 5 minutes drive.
Water Mania – 5 minutes drive.
Universal Studios – 7 minutes drive.
Gatorland – 9 minutes drive.
MGM Studios – 12 minutes drive.
Magic Kingdom – 13 minutes drive.
Animal Kingdom – 15 minutes drive.
Disney World – 15 minutes drive.
Kennedy Space Centre – 25 minutes drive.
Stadiums:
UCF Arena - 10 minutes drive.
Citrus Bowl - 7 minutes drive.
There is no where else in the world where you can buy a luxury tenanted property at less then the build cost. In certain areas of Florida, namely Orlando, you the opportunity to buy a property at lower then the prices in the 1970’s.
Housing prices in Greater Orlando went up 34% in one year, from an average of $182,000 in August ‘04 to $245,000 in August ‘05, and eventually to a record
$255,000 in February ‘07. The average price then fell to $211,000 in April ‘08.
Even if the experts are correct and prices have lost a further 67% in ‘09 in the most effected communities, the average house price today would be $105,000 which is still $35,000 more then our most expensive three bed two bath luxury tenanted property.
We only sell tenanted properties that are let to young professionals and blue collar workers on long leases who live and work in Orlando. Orlando has one of the strongest Economies in Florida; Metro Orlando has a rapidly growing $13.4 billion technology industry. 150 international companies have facilities in Metro Orlando. The tourist industry still attracts over 50 million every year.
Housing prices in Greater Orlando went up 34% in one year, from an average of $182,000 in August ‘04 to $245,000 in August ‘05, and eventually to a record
$255,000 in February ‘07. The average price then fell to $211,000 in April ‘08.
Even if the experts are correct and prices have lost a further 67% in ‘09 in the most effected communities, the average house price today would be $105,000 which is still $35,000 more then our most expensive three bed two bath luxury tenanted property.
We only sell tenanted properties that are let to young professionals and blue collar workers on long leases who live and work in Orlando. Orlando has one of the strongest Economies in Florida; Metro Orlando has a rapidly growing $13.4 billion technology industry. 150 international companies have facilities in Metro Orlando. The tourist industry still attracts over 50 million every year.
Once you have chosen your apartment you will go through a quick and easy process.
1. Select your unit
2. Fill out reservation form and pay a Finders Fee of $3,280
3. Receive confirmation of reservation
4. Pay 30% of the value of the property and closing costs into the US title lawyer’s escrow account for development
5. Receive full purchase contract – sign and return to developer
6. Enter into legal 14 day cooling off period
7. Send the remaining 70% to the US title lawyer’s escrow account.
8. The lawyer completes the transaction for you and passes full title to you.
After sales
Once the transaction is complete we will through our associates:
1. Introduce you to rental Management Company for re-issue of renting agreements
2. Introduce you to a tax specialist in US to ensure that your purchase and any future purchases are tax efficient.
1. Select your unit
2. Fill out reservation form and pay a Finders Fee of $3,280
3. Receive confirmation of reservation
4. Pay 30% of the value of the property and closing costs into the US title lawyer’s escrow account for development
5. Receive full purchase contract – sign and return to developer
6. Enter into legal 14 day cooling off period
7. Send the remaining 70% to the US title lawyer’s escrow account.
8. The lawyer completes the transaction for you and passes full title to you.
After sales
Once the transaction is complete we will through our associates:
1. Introduce you to rental Management Company for re-issue of renting agreements
2. Introduce you to a tax specialist in US to ensure that your purchase and any future purchases are tax efficient.
By buying at, or close to the bottom of the market in an established local economy which is forecast to grow both in activity and population over the next few years is one of the best ways to plan for an Exit Strategy.
In five years even if the value of the property reached its build cost (as per 2007) you will make a profit of $86,000 on a $54,000 investment earning $26,000 from net income alone during this period.
In five years even if the value of the property reached its build cost (as per 2007) you will make a profit of $86,000 on a $54,000 investment earning $26,000 from net income alone during this period.
Please call us for the latest prices and availability.
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