3000 MAINGATE LN #424 new Save Request In-Person Tour Request Virtual Tour
Kissimmee,FL 34747
Key Details
Property Type Condo
Sub Type Condo - Hotel
Listing Status Active
Purchase Type For Sale
Square Footage 304 sqft
Price per Sqft $179
Subdivision Meridian Palms Comm Condo
MLS Listing ID S5121250
Bedrooms 1
Full Baths 1
HOA Fees $450/mo
HOA Y/N Yes
Originating Board Stellar MLS
Annual Recurring Fee 5400.0
Year Built 1998
Annual Tax Amount $1,072
Property Sub-Type Condo - Hotel
Property Description
Welcome to Galleria Palms, a unique investment opportunity less than a MILE from the gates of Walt Disney World®! Unlike other condo-hotels where income is determined by how often your particular unit is booked, this community operates on a different strategy. They take the entire income of the hotel and divide it evenly on all units! This helps ensure equity in rental bookings, versus other communities where there isn't as much transparency into the rhyme and reason of your unit being booked. All of the units in the building are also the same floor plan, the only difference is what location in the building they are, and how the beds are set up (the two options are one king bed, or double queen beds, like this unit is). Financials will be available, please reach out for additional information. It is not possible to self-manage these units due to the unique set-up of the management company onsite. These are NOT residential, and you cannot live here. There are also limits on how often an owner can use their unit. All items stay with the home; you will be making income on day one!
Location
State FL
County Osceola
Community Meridian Palms Comm Condo
Zoning OTSC
Interior
Interior Features Other
Heating Baseboard
Cooling Zoned
Flooring Carpet
Furnishings Turnkey
Fireplace false
Appliance Microwave
Laundry Common Area
Exterior
Exterior Feature Lighting,Other
Parking Features Guest,Off Street,Open
Community Features Deed Restrictions,Pool
Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Public,Sewer Connected,Water Connected
Roof Type Other
Garage false
Private Pool No
Building
Story 5
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Others
Pets Allowed No
Senior Community No
Ownership Condominium
Monthly Total Fees $450
Acceptable Financing Cash
Membership Fee Required Required
Listing Terms Cash
Special Listing Condition None