14 Photos

THIS IS ALL ABOUT LOCATION LOCATION LOCATION, AND ALSO, ABOUT A HUGE REDUCTION! DO NOT DELAY IF YOU ARE WANTING TO BUY A 2-BEDROOM FOR WHAT THE ONE-BEDROOMS HAVE BEEN SELLING FOR TODAY. A CONDO-HOTEL 2-BEDROOM/ TWO BATH ON THE SECOND FLOOR OVERLOOKING THE SUPER POOL, RESTAURANT, PUTTING GREEN, AND HOLE #9 OF THE SADDLEBROOK GOLF COURSE. THIS IS ONE OF THE CONDOS THAT A BUYER PURCHASES AND CAN ONLY USE 45 DAYS A YEAR SINCE AT CLOSING THE BUYER SIGNS AN AGENCY AGREEMENT WITH THE SADDLEBROOK HOTEL ALLOWING THEM TO USE THEIR CONDO AS THEIR OWN FOR THEIR HOTEL GUESTS. THIS GIVES THE BUYER AN OPPORTUNITY TO COME ANY 45 DAYS HE BOOKS WITH RESERVATIONS. THEN EVERY QUARTER, ACCOUNTING GATHERS ALL THE REVENUE THAT CAME IN WITH ALL THE C UNITS WHICH THIS IS A C UNIT (2-BEDROOM C UNIT, THERE IS ANOTHER 2-BEDROOM CALLED A C-1 UNIT), AND ONCE THEY HAVE THE FINAL NUMBERS, THE RESORT RECEIVES 55% AND ALL THE C UNITS RECEIVE 45% WHETHER YOUR UNIT DID NOT RENT EVERY SINGLE DAY THAT QUARTER. THIS CONDO HAD A NEW AIR CONDITIONE INSTALLED IN 2018, AND A NEW DISHWASHER AND NEW REFRIGERATOR IN 2017. IN 2018, THIS UNIT ALSO HAD PHASE 1 DONE AT A COST OF $8400.00. SINCE THE NEW OWNERS OF THE RESORT, MAST CAPITAL, TOOK OVER ON MARCH 1ST, THE RESORT HAS BEEN BOOKED. IT HAS BEEN SO BOOKED, THAT SHOWING THE CONDOS AND EVEN GETTING IN TO TAKE PHOTOS HAS BEEN IMPOSSIBLE. SO, IF INTERESTED LOOK AT THE LOCATION. THEN CONTACT ME AND I WILL EMAIL YOU ONCE YOU SEND ME YOUR EMAIL ADDRESS ALL THE IMPORTANT INFORMATION YOU OR YOUR CUSTOMERS NEED TO KNOW PRIOR TO MAKING A PURCHASE. ALTHOUGH THE INFORMATION IS BELIEVED TO BE ACCURATE IT IS NOT GUARANTEED.

Listing IDT3375334
Sold For$70,000$40K
StatusClosed
Sold Date8/05/2022
Bedrooms2
Total Baths2
Full Baths2
SqFt 955
CountyPasco
SubdivisionSaddlebrook
Year Built1981
Property TypeResidential
Property Sub TypeCondo - Hotel

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1 Percent Lists
Address: 123 Terra Bella Blvd Suite 2C
Covington, LA 70433
United States
Phone: (985) 807-0001

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