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Key Details
Sold Price $64,000
Property Type Condo
Sub Type Condo - Hotel
Listing Status Sold
Purchase Type For Sale
Square Footage 375 sqft
Price per Sqft $170
Subdivision Tropicana Resort A Condo
MLS Listing ID O6180912
Sold Date 04/03/24
Full Baths 1
HOA Fees $242/mo
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 1999
Annual Tax Amount $657
Property Description
Investor's Dream Opportunity at Tropicana Resort!
New listing on MLS for investors to jump on! Five 1-bedroom studio apartment units available for individual purchase or as a package deal. Located just off Hwy 27, opposite Posner Town Center, in the desirable Tropicana Resort area, this property presents an enticing investment prospect.
Unit Numbers: 322, 321, 344, 347, and 158
Price per Unit: $65,000
Potential: Light upgrades could significantly boost rental income.
Location: Tropicana Resort - a prime rental area
Amenities: Enjoy a beautiful courtyard and pool within the complex.
Convenience: Adjacent to I4 for easy access.
Additional Amenities: Shared laundry service available on-site.
Current Status: Units 158, 347, and 344 are occupied. Units 321 and 322 are open for viewing.
Rental Potential: With minor upgrades, rental rates could reach $1,000 - $1,200/month.
Investment Strategy: Maximize returns with a modest investment in upgrades.
Utilities Included: Water, electricity, and cable TV covered by HOA.
Rental Terms: Long-term rentals of 6+ months.
Don't miss out on this lucrative opportunity! Act fast before it's gone!
Location
State FL
County Polk
Community Tropicana Resort A Condo
Interior
Interior Features Open Floorplan
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Microwave, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Courtyard, Sidewalk
Community Features Community Mailbox, Pool, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Water Connected
Amenities Available Cable TV, Pool
Waterfront false
Roof Type Metal
Garage false
Private Pool No
Building
Story 2
Entry Level One
Foundation Concrete Perimeter
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Others
Pets Allowed No
HOA Fee Include Cable TV,Pool,Electricity,Maintenance Structure,Maintenance Grounds,Pool,Sewer,Trash,Water
Senior Community Yes
Ownership Fee Simple
Monthly Total Fees $242
Acceptable Financing Cash, Conventional
Membership Fee Required Required
Listing Terms Cash, Conventional
Special Listing Condition None
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