Have you ever heard of a condotel? Symphony Beach Club offers everything you need for a relaxing beachside escape or a high-performing investment opportunity. It's a small studio apt. that can be used by the owner or as an Airbnb. 1987 unit was updated and comes fully furnished in Ormond Beach, FL. 0bs, 1ba, 297sqft. $169,900 + $625/mo HOA.
They said that it was tastefully renovated, but it still looks kinda '80s to me.
At least there's a wall of storage.
Oh, wait. It's not a closet, it's a Murphy bed.
There're some closets on the other side of the bed.
The kitchen is nice, but they don't provide even a small stove- Just a toaster oven and a microwave.
There's a 2 burner cooktop with an exhaust, though.
The decor is so bland, but it comes with it. This could be a cute little place with some color.
Double tile shower.
Terrace views. There're some picnic tables and BBQ grills down in the parking lot.
The terrace, however, is basically an outdoor hallway to the units.
The ocean is right there, or you can use the teardrop-shaped pool.
For $625mo, HOA-covered electricity, water, insurance, exterior maintenance, and property management. So, they pay the elec. bill. Landlords almost always pay for water. I have apt. ins. and it's only $213 yr., my elec/gas for 5 rms. and a loft is $109mo. So, they must hire a landscaper, clean the pool, and manage the property (but, if you rent out on Airbnb, YOU are the one managing it). Rip-off.
