Off-Market Condo: 03 at 400 E Colonial Dr, Orlando, FL, 32803

400 E Colonial Dr, Orlando, FL, 32803

- #203

$289,995

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 1.6%. BACK IN THE MARKET, reduced price, motivated seller. UPDATE!!! Welcome to your new home. This modern and spacious apartment boasts a BRAND-NEW CLOSET in the master bedroom, complemented by sleek TILE FLOORING throughout. The MODERN CABINETS add a touch of elegance to this inviting space. MOTIVATED SELLER alert!!! This property offers not just a home but a lifestyle in a PRIME LOCATION. Enjoy the convenience of a secure building with 24/7 SECURITY GUARD, ensuring peace of mind for you and your loved ones. Plus, take advantage of the building's amenities, including a fully equipped GYM and an ACTIVITIES ROOM.Wake up to a stunning view from the PRIVATE BALCONY, perfect for savoring your morning coffee or unwinding after a long day. Please note, NO PETS are allowed, ensuring a serene and tranquil atmosphere for all residents. With its great location, this residence is READY for immediate MOVE-IN. High-speed internet and cable are provided by the HOA, simplifying your connectivity needs. Additionally, indulge in the REFRESHING LARGE POOL and benefit from the convenience of a ONE COVERD PARKING SPOT. Don't miss this opportunity to own a slice of comfort and convenience in Orlando! Schedule your showing today and embrace the lifestyle offered by this fantastic property.

Property Information
Monthly Rent
$2,200
Monthly HOA
$0
Rental Policy
STR Restrictions
Yearly Taxes
$3375
Bedrooms
2
Bathrooms
2
SQFT
1,109
Furnished
unknown
Year built
1975
Listing Status
Off Market
MLS
O6141949

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

Rent