Remodeled Condo-Hotel Unit Near
3000 MAINGATE Ln 212, Kissimmee, FL 34747
For Sale
$49,900
Turn-key, renovated condo-hotel unit with amenities and convenient location.
Property Size304 SF
Days on Market247
Property Features for 3000 MAINGATE Ln 212
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
NABE REALTY
Listed By:
Janine Venturella · License FL #3301586
(724) 252-5561
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Oct 26 at 12:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NABE REALTY
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Investment Insights
Based on property information with market context.
This remodeled second-floor condo-hotel unit is located in the Galleria Palms, offering proximity to parks, dining, and entertainment, with convenient access to major highways. The suite has undergone over $17,000 in renovations, featuring two queen-size beds, crown molding, new tile flooring, new paint, lighting, artwork, furnishings, and a wall-mounted 49-inch flat-screen TV. It also includes a granite vanity with a microwave, mini-fridge, coffee maker, wet bar, upgraded Wi-Fi, an iron/ironing board, and USB ports in the lighting fixtures. The bathroom features dual sinks with granite counters. The Galleria Palms offers a complimentary shuttle service to parks and a daily hot breakfast served in the lobby. Newer roof, windows, and A/C units have been recently installed. Amenities include a heated pool and sun deck. A full-time property management company is on-site. Owners cannot occupy the unit for longer than 29 days at any one stay, and the unit cannot be removed from the on-site rental program. This property presents an investment opportunity.
Key Highlights
- Remodeled condo‑hotel unit with over $17,000 in renovations
- Turn‑key investment opportunity with full‑time property management
- Complimentary shuttle service to parks and daily hot breakfast
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,752
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$75,040
$75.0K
Cap Rate 7%
$53,600
$53.6K
Cap Rate 9%
$41,689
$41.7K
Market Conditions
NOI Build-Up for 304 SF
Gross rent
$7.3K $24.00/SF
− Vacancy
−$474 −$1.56/SF
EGI
$6.8K $22.44/SF
− OpEx
−$3.1K −$10.10/SF
NOI
$3.8K $12.34/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$75,040
Cap Rate 7%
$53,600
Cap Rate 9%
$41,689
Alternative Uses
Best Use
Apartment 5plus
$53.6K
$46.9K – $62.5K
NOI $3,752 @ 7.0% cap · market cap 7.52%
Second Best
Hotel Hospitality
$29.6K
$25.9K – $34.5K
NOI $2,069 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$94.0K
$82.3K – $109.7K
NOI $6,580 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
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Business Placement
Demographics for 34747, FL
26,560
Population
22,016
Households
1.2
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
612
Density / Sq Mi
$83,141
Median Household Income
$41,932
Median Earnings
$1,812
Median Rent
$455,600
Median Home Value
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Market
Properties on Market for Hotels in Kissimmee
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Hotel - Turn-key, renovated condo-hotel unit with amenities and convenient location.
Where is this hotel located?
The property is located at 3000 MAINGATE Ln 212 Kissimmee, FL.
What is the asking price?
The asking price for this property is $49,900.
What are key features of this property?
This property features: Remodeled condo‑hotel unit with over $17,000 in renovations; Turn‑key investment opportunity with full‑time property management; Complimentary shuttle service to parks and daily hot breakfast
