Cane Island, Orlando, Apartments for Sale in 0, Kissimmee, Florida, USA
Cane Island, Florida, 3 Bedroom Apartments
The exposure of Florida to the sub-prime mortgage markets has caused residential real estate prices to drop quite considerably from their 2006 peaks. Developers have only started to adjust their sales-price expectations and now distressed apartments and homes are catching the eye of international buyers.
Investors are now seeing far higher yields then previously achievable and whilst the collapse of the mortgage markets has caused economic growth to slow, the fundamentals of the market still exist. With construction starts at historical lows and population growth in Florida being amongst the highest in the country, the residential market will be in short supply in the coming years. Coupled with a tourism industry which is continuing to post growth year on year, demand for quality accommodation should remain high for years to come.
With the dollar strengthening rapidly against the euro and sterling, now is an excellent time to secure a dollar based asset.
Location
Located in the popular area of Kissimmee off Highway 192, just 8 minutes drive from Disneyworld, Cane Island offers investors and private owners the optimum location to take advantage of rental demand and personal holiday use. Since the subprime crisis hit the US, prices across the board have fallen markedly, even in areas where rental demand has stayed strong. Disney has actually seen an increase in visitor numbers as a result of both new attractions and the growth of emerging markets such as South America. Florida’s popularity as a year round family holiday destination is evident as numbers have increased. Research shows that people will not forfeit their annual vacation in difficult economic times.
Cane Island is conveniently situated just 1 hours drive from the airport.
Properties
Cane Island consists of 260 completed luxury condo apartments. Designed to meet the growing demand for international tour operators. We have already received written confirmation from Amazing Vacation Homes INC stating they will manage the property and expect a 42 week rental season. Their clients include internationally renowned hotel bedbanks such as - part of TUI Travel plc.
Add to this the fact that 70% LTV mortgages are available, enabling investments from just $45,000.
Amenities
Gated community
Beautifully decorated 3,700 sq ft. clubhouse.
Kids Club, Swimming Pool, Fitness Centre, Sauna, Games Room, Covered Spa, Restaurants, Cafes & Bars, Sun deck.
Full-size washer & dryer, refrigerator, microwave, glass top range & dishwasher, in each apartment.
Payment Schedule
A fully refundable deposit of $5,000 is required to enable your reservation.
30% (Less reservation amount) of the total purchase price is payable upon signing the Sales and Purchase Agreement (SPA) if mortgage is taken.
100% (Less reservation amount) of the total purchase price is payable upon signing of SPA if mortgage is not taken.
About This Property
Category
Apartments
Sold by
Company
Reference
Cane Isl.
Address
0
Kissimmee
Florida
FL 34746
USA
Kissimmee
Florida
FL 34746
USA
Bedrooms
3
Bathrooms
2
Features - Amenities
- Furnished
- Pool
- The project is now 54% below its 2005 launch price. (This is less than build cost!)
- 70% LTV mortgages available - Invest with just £24,300 cash + purchase costs
- Fantastic location - 8 minutes drive from the entrance to Walt Disney World.
- 2-3-4 Bedroom units all with 2 bathrooms and balconies.
- Proven rental rates that are set to achieve yields up to 6% after running costs.
- Full property management available with Amazing Vacation Homes Inc. who have established relationships with internationally renowned travel companies - including (part of TUI Travel plc.)
- The US Dollar set to appreciate rapidly over the next 18 months
- Construction starts are at record lows, creating a huge lack of supply over the next 5 years.