Investors, Take Note Turnkey Rental Property with Immediate Income in Prime Orlando Location This is the opportunity to acquire a fully leased, income-producing condo in the heart of Orlando. Located within the gated, resort-style community of The Palms Club, Unit 304 at 5566 Metro Boulevard is a spacious 2-bedroom, 2-bathroom property offering 1, 159 square feet of well-maintained living space and strong, consistent rental performance. Currently leased through December 2025 at $1, 715/month, this property provides immediate and reliable cash flow with a quality tenant already in placemaking it the ideal hands-off investment. The Palms Club is known for its outstanding amenities that appeal to renters and support long-term value. Residents enjoy access to three resort-style pools, a fitness center, an indoor bowling alley, racquetball and tennis courts, sand volleyball, a clubhouse, playground, and 24-hour gated security, all within a beautifully maintained, secure community. Situated in a high-demand rental market, this condo is centrally located just minutes from Valencia College, the Mall at Millenia, major highways, theme parks, and shopping centers, offering unbeatable convenience and strong rental appeal. The HOA includes sewer, trash, exterior maintenance, pest control, and basic cable/internet, keeping overhead costs low and predictable. This is a high-performing, low-maintenance asset in one of Orlandos most attractive and amenity-rich communities. Whether youre expanding your portfolio or entering the Orlando market, this is an investment opportunity you wont want to miss. Schedule your private showing today !
Property Features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Dimensions: 18.1 x 11.2
- Bedroom 2 Dimensions: 17.7 x 12.7
- Primary Bedroom Level: First
- Bedroom 2 Level: First
Other Rooms
- Total Rooms: 5
- Living Room Dimensions: 22 x 13.9
- Living Room Level: First
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- Ceiling Fans(s)
- Open Floorplan
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Flooring: Carpet, Luxury Vinyl, Tile
Appliances
- Dishwasher
- Disposal
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
- Laundry Features: Laundry Room
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
Kitchen and Dining
- Dining Room Dimensions: 6.1 x 9.7
- Dining Room Level: First
- Kitchen Dimensions: 8.6 x 11.8
- Kitchen Level: First
Exterior and Lot Features
- Sidewalk
- Road Surface Type: Paved
Land Info
- Lot Size Acres: 0.32
- Lot Size Square Feet: 13773
Homeowners Association
- Association: Yes
- Association Fee Frequency: Monthly
- Association Fee Includes: Guard - 24 Hour, Pool, Maintenance Structure, Maintenance Grounds, Recreational Facilities, Security, Sewer, Trash
- Calculated Total Monthly Association Fees: 519
- Association Name: Naomine Musac
- Association Phone: 8663781099
- Pets Allowed: Cats OK, Dogs OK
School Information
- Elementary School: Eagles Nest Elem
- High School: Dr. Phillips High
- Middle School: Chain of Lakes Middle
Condo Info
- Unit Floor In Building: 1
Rental Info
- Lease Term: Minimum Lease: 8-12 Months
Amenities and Community Features
- Community Features: Clubhouse, Gated Community - Guard, Playground, Pool, Sidewalks, Tennis Court(s)
Other Property Info
- Annual Tax Amount: 3005
- Source Listing Status: Active
- County: Orange
- Directions: From Kirkman Road, head north and turn right onto Metrowest Blvd. Continue east, and the entrance to the Palms Club will be on your right. Once inside the gate, follow signs to Building 3, where Unit 304 is located.
- Tax Year: 2024
- Ownership: Condominium
- Source Property Type: Residential
- Area: 32811 - Orlando/Orlo Vista/Richmond Heights
- Property Subtype: condo
- Source Neighborhood: PALMS CLUB CONDO
- Parcel Number: 06-23-29-6603-02-304
- Subdivision: PALMS CLUB CONDO
- Township: 23
- Zoning: R-3B
- Management Company: Full Time
- Property Features: Condo Fees: 519 Monthly
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1159
- Year Built: 1999
- Building Area Source: Public Records
- Building Area Total: 1159
- Building Name: 6
- Construction Materials: Stucco
- Direction Faces: East
- Foundation Details: Slab
- Levels: One
- Property Age: 26
- Roof: Tile
- Levels or Stories: 3
- Building Total Stories: 3
Utilities
- Sewer: Public Sewer
- Cable Connected
- Electricity Connected
- Water Connected
- Water Source: Public
Home Features
- Security Features: Gated Community, Security Gate, Smoke Detector(s)