14222 Sonco Ave, Windermere, FL 34786
Main Unit - 3 Bedroom 2.5 Bath
+ Studio Apartment with Full Kitchen/Full Bath
In 2003, I was driving along State Road 535 out of Lake Buena Vista, then a 2-lane road, north of Walt Disney World where I saw a phone number posted on a billboard advertising the soon-t0-be-built community, Summerport. I dialed the number and placed my name on the waiting list. A few months later I signed the 19th contract in the townhome section of the new development before the models were built. Construction was completed in 2004.
You can only imagine the changes I've seen where orange groves used to prevail.
3 Bedroom / 2.5 Bath
The main unit offers beautiful laminate floors on the first floor with a kitchen, dining room, living room, half bath, and washer & dryer. The second floor includes 3 bedrooms and 2 full baths. The master bedroom includes a tray ceiling, ceiling fan, walk-in closet, and the master bathroom has a large walk-in shower.
Studio Apartment above 2-car garage
Full Kitchen / Full Bathroom
Studio Unit above 2-car Garage - Full Kitchen / Full bath
Thankfully, the model I chose included a studio apartment above the detached two-car garage. All garages are accessible from the alleyway. The studio unit has a full kitchen, full bath, two closets, a skylight, and a top/bottom washer-dryer. Located only seven miles from the Magic Kingdom, I've been able to rent the unit 98% of the months since 2004, earning at least $600/month.
My current renter pays $650 per month and has expressed an interest in staying with a new owner.
Only a handful of these types of units were built in the area while several of them do not even include a kitchen, making 14222 Sonco even more rare, valuable, and in-demand.
A Unique Opportunity
I believe this is a tremendous opportunity for either an investor to draw two streams of income off one property, or a family that wishes to get a significant discount on their mortgage by living in one of the units and renting the other.
Current market conditions could generate $1,600-$1,800 per month rent for the main unit while the studio unit could generate between $600-$800. These estimates are always subject to change, of course, and a complete market analysis would be necessary to finalize those numbers.
I work for RentCare Property Management and if you are looking to purchase this property as an investment, we would be willing to manage the property for you. This offer does not apply, of course, if you are currently working with a licensed real estate agent that also offers property management services.