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Downtown and Uptown Orlando Condo Turnaround
One of the investors I work with asked me to double check the MLS, because she is not getting any new listings. She likes downtown and uptown Orlando condos, and has purchased several from me over the last few years. Three of the buildings where she has purchased are: Metropolitan at Lake Eola, Park North at Cheney Place and Uptown Place. All three of these complexes are in midrise buildings and offer similar amenities. The Metropolitan is right across the street from Lake Eola, so I think it has the best location hands down. The other thing all three share is a real turnaround.
There are 245 units in Uptown Place and 111 have turned over in the last three years. There are only eight foreclosure related filings open this year. Park North has 305 units and 124 have turned over wth only four filings this year. The Metropolitan has 129 units and 59 (almost half) have resold in the last three years with only four filings in 2011. For those of you who may not know this, any condo sales over the last few years would be cash deals. So, if you are thinking someone who bought in 2008 might ... more

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