Investment Condo: 204 E South St, Orlando, FL, 32801, Orlando, FL - $-7,584 Annual Profit

204 E South St, Orlando, FL, 32801

204 E South St - #1057

$271,500

Description

Here's your chance to own a ground-floor, well-appointed premium condo in the heart of downtown Orlando. This unit comes with engineered hardwood floors, granite counters in kitchen and baths, 2021 a/c and water heater, along with two assigned covered parking spaces in a convenient location (2nd and 3rd floor). Crown molding throughout also enhances the feel. Besides the convenience of first floor, this unit faces north in the back so you won't get blasted with afternoon sun but will have balanced natural light throughout the day. Open the french doors to your own back patio; surrounded by lush landscaping; setting the tropical vibe you're looking for at the end of a long day. The Grande has recently upgraded its exterior and it shows. The community boasts one of the nicest and most inviting pool areas, especially within this general price point. Exterior renovation completed in 2020/21 including new roof, paint, and windows. Cook up steaks or relax on the various chaise loungers poolside. This residence has a very usable, open layout with two full baths and bedrooms. One of the best-looking units in the building and first floor! You'll be hard-pressed to find a better, more put-together option at this price point. Tenant lease ends 3/31/24.

Property Information
Monthly Rent
$2,121
Monthly HOA
$1130
rental Policy
STR Restrictions
Yearly Taxes
$2140
Bedrooms
2
Bathrooms
2
SQFT
1,115
Furnished
unknown
Year built
2002
MLS
O6142247

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Long-Term Rental Information
Revenue
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$33,036

Expenses
Profit
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Cap rate
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Cash on Cash
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$2,121/mo

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