Investment Properties in Florida

Tampa - CondHotel

Overlooking the Tampa Bay...a unique condo - Hotel which will in the next couple of years take value because of the Ritz Carlton planned next door !

The units start in the $130,000's for 1 beds and   $190,000's for the 2 bedrooms 

572 to 600 SqFt ~ 516 to 560 Sqft for 1 Bedrooms with  Separate living room and kitchen.

896 Sq Ft ~ 840 SqFt for 2 bedrooms/ 2 bath -  separate living room and  kitchen.

Estimated Expenses: 

$374 T0 $388 1 beds;  $561 2 beds Monthly Maintenance fee, with cable & wireless. 

$2,900 Taxes on 1 beds $4,600 Taxes on 2 beds, Annual.

$85 Monthly Electric Bill (average)*.

 $270 Annual Liabilty Insurance*.

 $225 annual Service Contract- for Appliances/Repairs*.

 $$$ for Upgrades if participating in the Hotel Program in 1 beds can be $10,500 to $12,800, $16,500 for 2 beds. ' * ' indicates costs associated if your in the Hotel Program.  Units can also be used as full-time residential or rented out directly by owner. Units are fully furnished.

 Gross income to owner is approximately $1,200/month for 1 beds & $1,800/month for 2 beds. Hotel Program includes 2 weeks free use by owner plus 60 days @ 20% of room fee.

This is a wonderful investment to consider in these days of dollar value.


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