Off-Market Condo: 07 at 5550 E Michigan St, Orlando, FL, 32822

5550 E Michigan St, Orlando, FL, 32822

- #1107

$260,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $2,200 per month, based on comparable local listings. Estimated long-term cap rate of 1.2%. Live the city life with resort like amenities with this centrally located first floor condo! This condo offers a split bedroom floorplan with all the bedrooms featuring large walk in closets. No feeling cramped with the high ceilings throughout. Relax in the large garden tub/shower combo in the owner's suite or sip your coffee on the screened patio. All appliances are included, including a newer washer & dryer. The community features resort like amenities that include 24 hour surveillance, gated, two pools, spa, billards room, fitness center that includes a yoga room, business center, a beautifully serene courtyard, cable, internet and water/sewer included! Minutes away from the Orlando International Airport and close to major highways like the 528 & 417. Make your appointment to see this condo today!

Property Information
Monthly Rent
$2,200
Monthly HOA
$417
Rental Policy
STR Restrictions
Yearly Taxes
$1699
Bedrooms
3
Bathrooms
2
SQFT
1,292
Furnished
unknown
Year built
2005
Listing Status
Off Market
MLS
O6058786

Long-term Rental Potential
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$26,400

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,200/mo

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