Active

$265,000

Features:
  • 3 Bedrooms
  • 2 Bathrooms
  • 1227 sq ft
Overview
  • ID: MFRO6284402
  • Bedrooms: 3
  • Bathrooms: 2
  • Size: 1227 sq ft
Property Details
Remarks
Perfect investor opportunity! FULLY FURNISHED 3 Bedroom, 2 Bathroom ground floor condo unit located within the beautiful, gated Bahama Bay Resort. Step inside to the spacious, open floorplan with beautiful plank flooring and crown moulding running throughout the home, and tile in the wet areas. The updated kitchen is equipped with stainless steel appliances, stone countertops, tile backsplash, 32” cabinets and a breakfast bar overlooking the family room. A dinette area is also conveniently located right off of the kitchen. A private, screened-in patio allows residents to enjoy outdoor views in a comfortable setting. Residents of Bahama Bay Resort have access to a variety of amenities, including a clubhouse, fitness center with sauna, multiple pools and spa, tennis and basketball courts, shuffleboard, and paved nature trails for outdoor activities. Also, an on-site restaurant and bar for convenient dining experiences, and a full-sized fishing dock on Lake Davenport for residents who enjoy fishing! Conveniently located near major Orlando theme park attractions, Disney World, shopping centers, and restaurants, offering residents easy access to a variety of entertainment and dining options. This condo presents an excellent opportunity for those seeking a vacation home or a short-term rental investment in a well-appointed community with a range of amenities. For Investors or Vacation Homeowners, this property has an 8.9% cap rate at the current price, a Cash-on-Cash Return of 10.82%, and has made over 121K in the past two years! Don’t wait - Schedule a showing today!
Financial Considerations
Price:
$265,000
HOA Fee:
578.74
Tax Amount:
$2758.25
Price per SqFt:
$215.97
Tax Legal Description:
BAHAMA BAY, A CONDOMINIUM CONDO BK 17 PGS 38 THRU 42 OR 6581 PGS 633 THRU 650 PHASE 33 UNIT 33105 & AN UNDIVIDED INTEREST IN THE COMMON ELEMENTS AS PER CONDO DECLARATION
Exterior Features
Lot Size:
377
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Luxury Vinyl, Tile
Levels:
One
Additional Features
Property Sub Type:
Condominium
Style:
N/A
Year Built:
2006
Construction Type:
Block, Concrete, HardiPlank Type
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Sidewalk, Sliding Doors
Additional Features 2:
No guest or owner is allowed to stay over 175 nights in a 365 night period. Meant to be a short term rental.
Map
  • Address
    505 RUM RUN #505
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