The Palms Hotel and Villas, condo hotel, Kissimmee FL – just a stone’s throw from the Orlando Disney Parks. Purchased at $125,000 inÂ 2006 – now priced at just $16,000!
The catch? There isn’t one, this is a real oneÂ hundred thousand dollar discount. It’s not a short sale – it’s not a foreclosure – it’s not even listed yet. But it’s available NOW at this price from a private seller who lives out of state.
It’s a cash deal of course, closing must occur before the end of December 2009.
Size: 338 Square feet
Cert. Value: $42,500*
Short term rental: Yes
Structure: Concrete block & stucco.
Onsite rental: Yes, split with management company.
(*Current Value represents working appraised values according to the Osceola CountyÂ websiteÂ as of 11/10/2009.)