|
Presented by
Chris Manning |
Established Income-Producing 2/2 Condo in Resort-Style Vacation Village
Well-maintained 2-bedroom, 2-bath condo in the highly desirable Vacation Village community, offering a strong investment opportunity with a tenant in place paying $1, 500/month. The tenant has been established for just under a year, providing immediate and reliable cash flow with no lease-up period required.
This one-level, 720 sq ft unit benefits from a well-kept community supported by extensive amenities, including an Olympic-size heated swimming pool, tennis, pickleball, shuffleboard and basketball courts, multiple playground areas, picnic spaces, a car wash station, and on-site management. Residents also enjoy private lake access to Lake Louisa with a fishing dock, community boat ramp, beach area, and optional fenced RV/boat parking for a small monthly fee.
The monthly HOA includes exterior maintenance, roof and siding care, lawn service, water, sewer, trash, cable, and WiFi—creating a low-maintenance ownership experience that appeals to both long-term tenants and short-term rental guests. Owners may choose full-time occupancy, seasonal use, long-term leasing, short-term rental, or utilize the on-site property management program.
The owner is also offering the adjacent Unit 27 for sale, which is tenant-occupied as well. Buyers interested in acquiring both units together may discuss pricing adjustments with the seller.
Located along Highway 27, the property provides quick access to shopping, dining, medical services, and outdoor recreation. Walt Disney World, Universal Studios, and major Orlando attractions are approximately 20–30 minutes away, with Lake Louisa State Park, Showcase of Citrus, Lakeridge Winery, and the West Orange Trail nearby.
This condo presents a reliable, low-maintenance investment opportunity in a well-amenitized community with strong rental demand year-round.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$155,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 508.360.8628
Chris.Manning@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $124,000 | $124,000 | $124,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | $180 | $180 | $180 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $753 | $783 | $1,030 |
| Total Monthly Payment | $1,008 | $1,038 | $1,285 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.