AUCTION ID #: 428436 Bookmark and Share
Orlando FL, Awesome Builder Close-Out 91 Luxury Units! ACT NOW!
Item 428436  
Final Bid: USD $0
Number of Bids: 0
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Reserve: Not Met
Status: Closed
Auction Started: 11-05-09    03:17 PM ET
Auction Closed: 11-23-09    03:17 PM ET
Asset Details
Seller Information
Seller Name: EquityShareLLC
Rating: Not yet rated
Location: 416 Banyon Tree Circle
Maitland, FL    32751
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Bid Increment: $100,000
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $4,000,000
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
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This auction has been amended by the Seller on Nov 17, 2009 at 12:30 PM prior to any bids being placed.
Item Specifics
 
Residential Properties  
  Address 416 Banyon Tree Circle
Maitland, FL 32751
United States

Asset Description

Another Awesome Florida Deal, 91 (In 369 unit complex) APARTMENT UNITS IN ORLANDO FLORIDA!
7 DAY AUCTION, SERIOUS PRINCIPAL INVESTORS ONLY!!!

In a complex of 369 units, these 91 are builder closeouts and well worth the investment!

HIGH RENTAL RATES, PERFECT RENTAL AREA, STUNNING UNITS!

Buy It Now Price $4.5M FIRM (Averages $49K per unit, non-commissionable)

Carrington Park in Maitland Florida (just North of Orlando)

416 Banyon Tree Circle
Maitland Florida 32751
$7,283,900.00 in value.
91 mixed, NEW units!

Carrington Park is located in Maitland Florida, just North of Orlando and immediately adjacent to Winter Park, a very desirable and exclusive part of the country.
Carrington Park is situated very close to the University of Central Florida, Full Sail University, Valencia College and a large number of major Central Florida employers. Prestigious Rollins College is also very close by!

AVERAGE RENTAL RATES ARE EASILY $850 PER MONTH.
ONE BEDROOM UNITS WILL RENT FOR $650 P/M NO PROBLEM.
TWO BEDROOM UNITS WILL RENT FOR $850 PER MONTH NO PROBLEM AT ALL.

THREE BEDROOM UNITS WILL BRING IN $1,100 PER MONTH ALL DAY LONG.
These rental rates are very conservative for the area, expect more!


Residents of Carrington Park will enjoy the "Oxford Club" a private, members only club featuring a state-of-the-art fitness center, entertainment and media lounge, a fully equipped kitchen for catering, children's play haven, and a resort-style pool with a magnificent tanning deck.

The Apartments: Private entrances create a single family home appeal, while designer touches create the idyllic atmosphere for anyone with a taste for the luxurious. Each Carrington Park Home Features:
Designer Kitchens and Baths
Private Entrances
Oversized Walk-In Closets
Lavish Floor Plans
Spacious Bedrooms
Social Terraces

Carrington Park is just minutes away from Downtown Winter Park, upscale shopping and Park Avenue dining. Outstanding area schools, beautiful parks and exciting entertainment are all within your reach.

SERIOUS INQUIRIES ONLY PLEASE.
Please See The Multiple Pictures Contained In This Listing.




Buy It Now Price $4.5M FIRM ($49K per unit)
 
Here Are The Property Details:

High End Rental community

369 Units in complex, 91 for sale here.

Gated community

Swimming pool

Workout and exercise facilities

These units recently appraised at over $7.5MM

Buy 91 brand new units for $4.5MM 




Unit Types In This Package Shown Here
Prices Shown In The Avg. Price Column Are The Last Lowest "On Sale" Prices And Are Way Below The Actual Selling Prices Of These Units. Average Now In This Deal Is Just $49K!!


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


Bid4Assets Real Estate Buyer Responsibilities

Bid4Assets reminds all potential bidders on real estate that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property, and b) the satisfactory completion of a title search.

By placing a bid, you acknowledge that any statements made by the seller pertaining to the condition or market value of the property are subjective, and do not release you from your responsibility to perform a due diligence review.

Settlement Requirements
  • Certified/Cashier's Check
  • Settlement Agent
  • Wire Transfer
  • Money Order
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