Orlando needs no introduction. This is a city that's constantly fed by tourist traffic, and for that reason has a fairly inexhaustible job supply.
The property is currently rented for $850 per month.
NEWLY REHABBED!Here's what Wikipedia had to say about this fantastic city:"
Orlando is a major industrial and hi-tech center. The metro area has a $13.4 billion technology industry employing 53,000 people;
and is a nationally recognized cluster of innovation in digital media,
agricultural technology, aviation, aerospace, and software design. More
than 150 international companies, representing approximately 20
countries, have facilities in Metro Orlando.
Orlando has the 7th largest research park in the country, Central Florida Research Park, with over 1,025 acres (4.15 km2).
It is home to over 120 companies, employs more than 8,500 people, and
is the hub of the nation’s military simulation and training programs.
Metro Orlando is home to the simulation procurement commands for the
U.S. Army, Navy, Air Force, Marines and Coast Guard.
has a large manufacturing facility for missile systems, aeronautical
craft and related high tech research. Other notable engineering firms
have offices or labs in Metro Orlando: KDF, General Dynamics, Harris, Mitsubishi Power Systems, Siemens, Veritas/Seagate, multiple USAF facilities, Naval Air Warfare Center Training Systems Division (NAWCTSD), Delta Connection Academy, Embry-Riddle Aeronautical University, GE, Air Force Agency for Modeling and Simulation (AFAMS), U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI), United States Army Research, Development and Engineering Command United States Army Simulation and Training Technology Center (STTC), AT&T, Boeing, CAE Systems Flight & Simulation Training, Hewlett-Packard, Institute for Simulation and Training, National Center for Simulation, Northrop Grumman, and Raytheon
Systems. The Naval Training Center until a few years ago was one of the
two places where nuclear engineers were trained for the US Navy.
Now the land has been converted into the Baldwin Park development.
Numerous office complexes for large corporations have popped up along
the Interstate 4 corridor north of Orlando, especially in Maitland, Lake Mary and Heathrow.
Orlando is close enough to Patrick Air Force Base, Cape Canaveral Air Force Station, and Kennedy Space Center for residents to commute to work from the city's suburbs. It also allows easy access to Port Canaveral, a cruise ship terminal.
Orlando is the home base of Darden Restaurants, the parent company of Red Lobster and Olive Garden
and the largest operator of restaurants in the world by revenue. In
September 2009 it moved to a new headquarters and central distribution
Film, television, and entertainment
Another important sector is the film, television, and electronic gaming industries, aided by the presence of Universal Studios, Disney's Hollywood Studios, Full Sail University, UCF College of Arts and Humanities, the Florida Interactive Entertainment Academy, and other entertainment companies and schools. The U.S. modeling, simulation, and training (MS&T) industry is centered on the Orlando region as well, with a particularly strong presence in the Central Florida Research Park adjacent to University of Central Florida (UCF). Nearby Maitland is the home of Tiburon, a division of the video game company Electronic Arts. Tiburon Entertainment was acquired by EA in 1998 after years of partnership, particularly in the Madden NFL series and NCAA Football series of video games. Nearby Full Sail University, located in Winter Park,
draws new-media students in the areas of video game design, film, show
production, and computer animation, among others, its graduates spawning
several start-ups in these fields in the Orlando area. The headquarters
of Ripley Entertainment Inc. are also located in Orlando.
Orlando has two non-profit hospital systems: Orlando Health and Florida Hospital. Orlando Health's Orlando Regional Medical Center is home to Central Florida's only Level I trauma center, and Winnie Palmer Hospital for Women and Babies and Florida Hospital Orlando have the area's only Level III neonatal intensive care units. Orlando's medical leadership will be further advanced with the completion of University of Central Florida's College of Medicine, a new VA Hospital and the new Nemours Children’s Hospital, which will be located in a new medical district in the Lake Nona area of the city.
Housing and employment
Historically, the unemployment rate in Greater Orlando was low, which resulted in growth that led to urban sprawl in the surrounding area and, in combination with the United States housing bubble,
to a large increase in home prices. Metro Orlando's unemployment rate
in June 2010 was 11.1 percent, was 11.4 percent in April 2010, and was
about 10 percent in about the same time of year in 2009.
Housing prices in Greater Orlando went up 34% in one year, from an
average of $182,000 in August 2004 to $245,000 in August 2005, and
eventually to a record $255,000 in February 2007. From there, with the
economic meltdown, prices plummeted, with the average bottoming out at
$94,950 in January 2011.
Hawk's Landing Golf Club and the Orlando World Center Marriott Hotel
- For tourist information, see Wikitravel:Orlando
A vital part of the Orlando area economy is tourism. The Orlando area is home to Walt Disney World Resort, Universal Orlando Resort, and SeaWorld Orlando.
Over 48 million visitors came to the Orlando region in 2004. The
convention industry is also critical to the region's economy. The Orange County Convention Center,
expanded in 2004 to over two million square feet (200,000 m²) of
exhibition space, is now the second-largest convention complex in terms
of space in the United States, trailing only McCormick Place in Chicago. The city vies with Chicago and Las Vegas for hosting the most convention attendees in the United States.
The Walt Disney World resort is the area's largest attraction with its many facets such as the Magic Kingdom, Epcot, Disney's Hollywood Studios, Disney's Animal Kingdom, Typhoon Lagoon, Blizzard Beach, and Downtown Disney.
SeaWorld Orlando is a large park that features numerous zoological
displays and marine animals alongside an amusement park with roller
coasters and water park. Universal Orlando, like Walt Disney World, is a multi-faceted resort comprising Universal Studios Florida, CityWalk, and Islands of Adventure. The Wet 'n Wild water park is another famous attraction. SeaWorld Orlando also comprises more than one park, alongside Aquatica and Discovery Cove. Orlando attractions also appeal to many locals who want to enjoy themselves close to home.
Orlando has the most hotels, and the second largest number of hotel rooms in the country (after Las Vegas,
Nevada), and is one of the busiest American cities for conferences and
conventions. Accommodations in Orlando historically catered to the
budget-conscious family and few luxury hotel options existed outside of
Walt Disney World property. With the expansion of the Orange County
Convention Center in 2004, luxury hotels began opening in the city. This
started with the opening of the JW Marriott Orlando and the Ritz-Carlton Orlando at Grande Lakes. As of 2010, Orlando offers several 4 Star hotels throughout the market. The newest luxury hotel to open in Orlando is the Waldorf Astoria-Orlando,
completed in 2010. It is the first Waldorf Astoria built from the
ground up since the flagship hotel opened in New York City in 1931.
Numerous golf courses can be found in the city, with the most famous being Bay Hill Club and Lodge, home to the Arnold Palmer Invitational.
Orlando ranks as the fourth most popular city, based on where people
want to live, according to a 2009 Pew Research Center study."
YOU ARE BIDDING ON THE DOWN-PAYMENT, THE FULL PRICE FOR THIS PROPERTY IS $75,000.
I am asking for a deposit of $5,000 in 1 day (24 hours) of the end of the auction. It can be transferred to Escrow, or our company directly.
I will be the mortgage holder. if applicable.
Amortization 20 years, balloon 5-10 years upon request.