8303 PALM Pkwy #402 Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32836
Key Details
Property Type Condo
Sub Type Condo - Hotel
Listing Status Active
Purchase Type For Sale
Square Footage 547 sqft
Price per Sqft $255
Subdivision 8303 Resort
MLS Listing ID O6317744
Bedrooms 1
Full Baths 1
HOA Fees $849/mo
Year Built 2000
Annual Tax Amount $1,582
Lot Size 435 Sqft
Property Sub-Type Condo - Hotel
Property Description
This fully furnished fourth-floor unit is a fantastic investment opportunity, located in the heart of Disney and near Universal Studios and SeaWorld. Recently updated with modern finishes, it features white cabinets, a microwave, dishwasher, refrigerator, granite kitchen countertops, and a stylish backsplash. The bathroom boasts a large walk-in shower, adding a touch of luxury. A brand new AC unit with a 10-year warranty has also been recently installed. This turnkey-ready condo-hotel allows for immediate short-term rentals, having pulled $2,835 in monthly income recently, even with the owner staying there a few nights, and is capable of generating over $3,000 per month. The HOA is likely to drop in the next two months, enhancing the investment potential. Recent upgrades to common areas include a renovated pool and hot tub, new grills, fresh artwork in the lobby, and breakfast available for guests. Residents can enjoy amenities such as a pool, spa, BBQ area, basketball court, game room, fitness center, and a sundry area filled with snacks and drinks. With a multitude of restaurants, shopping options, and easy access to major highways. This condo hotel is designated exclusively for short-term rentals, meaning full-time residency is not permitted. The new owner has the flexibility to either self-manage the property or engage a management company, with income potential depending on the chosen rental approach. Buyers are responsible for verifying all details related to the rental program and leasing terms. It is advisable for prospective buyers to evaluate the property's investment potential, conduct thorough market research, and consult with legal or financial professionals before proceeding. Act fast before this gem is gone!
Location
State FL
County Orange
Community 8303 Resort
Area 32836 - Orlando/Dr. Phillips/Bay Vista
Zoning P-D
Interior
Heating Central,Electric
Cooling Central Air
Flooring Carpet,Ceramic Tile
Laundry None
Exterior
Exterior Feature Sidewalk
Community Features Association Recreation - Owned,Fitness Center,Pool,Restaurant,Sidewalks,Wheelchair Access,Street Lights
Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Type Tile
Building
Story 4
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Schools
Elementary Schools Sand Lake Elem
Middle Schools Southwest Middle
High Schools Lake Buena Vista High School
Others
Monthly Total Fees $849
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6317744