| Hampton Inn at The Palms Hotel & Villas |
Description: Self-contained efficiency unit (phase II)
Area: 0 sq ft
Price: from $130,000
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Details:Buy from as little as $130,000 with a guaranteed $1000 cheque for 24 months under the Hampton Inn leaseback program! Details towards bottom of this page. The Hampton Inn offers you great accommodations with a casual charm, located in a lush, tropical resort setting, just 1.5 miles from the main gate to the Walt Disney World® Resort. Deluxe sleeping rooms are nicely equipped with coffee/tea maker, television with premium cable service, iron and ironing board, separate vanity area and in-room safe.   The newly renovated Hampton Inn® Maingate East has much more to offer, including the large, outdoor heated pool, sundeck, sports court and beautiful gazebo. And don't forget to stop by the Guest Services Desk, where you can ask about discount attraction tickets and make reservations for dining and free scheduled shuttle service to the Disney theme parks. The Hampton Inn® Maingate East offers the ultimate in convenience, comfort and especially value when considering the leaseback opportunity: Leaseback Amount: $1,000.00
Program Length: 24 Months Leaseback includes:
1. HOA Associations (both Master Property and Condo Community)
2. Operational Cost for Hotel
3. HCS Management Fee
That's right: all management charges and association fees are waived for the first 2 years, so that's a net leaseback payment to the owner of $1000 / month!
Estimated Cost to Owners per Month (not including Mortgage / Principal / Interest):
The Palms Hotel and Villas (Phase II): $160.00 Items not included by leaseback (use your monthly $1000 towards these):
1. Mortgage/Principal/Interest
2. Property Tax (approx $50 per month)
3. Insurance (Contents and Liability, per unit at approx $55 monthly)
4. Credit Card fees, Travel Agent commissions, Linen
5. Maintenance Issues - including Preventative Maintenance service each quarter
Monthly Fee Information (without leaseback):
This property operates with two homeowners associations, a master property association and a condo community association.
- The Master Property Association, or "door-out" association, maintains public, shared areas, such as the pools, parking lots, sidewalks, landscaping, roofs, etc. Monthly fee for the Master Property Association is the same for each unit owner: $117.00
- The Condo Community Association, or "door-in" association, covers utilities (electricity, cable, water, phone), security, carpets, management, etc. Monthly fee for the Condo Community Association is sqft based: approx $216.46
Property Management:
Hotel Condo Services charges a monthly property management fee of $150. |
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