Investment Condo: 400 E Colonial Dr, Orlando, FL, 32803, Orlando, FL - $6,576 Annual Profit

400 E Colonial Dr, Orlando, FL, 32803

400 E Colonial Dr - #210

$199,500

Description

Welcome to 400 E Colonial Dr. APT 210, Orlando FL 32803, an apartment in Park Lake Towers Condominium that promises a unique lifestyle experience. The owner is reluctantly parting ways with this cherished abode due to work relocation, but the next fortunate owner will undoubtedly relish the delights of this well-established community. As you step into this charming one-bedroom, one-and-a-half-bathroom residence, you'll be captivated by its inherent charm and functionality. Positioned on the second floor, it offers a picturesque view overlooking the inviting swimming pool. Access is made effortless with either the conveniently located stairs or the elevator, ensuring your comfort and ease of living. This residence is a testament to modern living, with a kitchen featuring a suite of appliances, including a refrigerator, range, and microwave, all tied together with updated wiring and a fuse box. The bathroom received tasteful attention in 2020. In 2021, the popcorn ceiling was meticulously addressed, and replaced with sleek vinyl flooring, embodying contemporary elegance. For those seeking an investment opportunity, rest assured that this unit is ready to generate income through renting, making it a savvy choice for investors. Whether you're planning to reside here or capitalize on the robust rental market, this property is primed for both. This apartment also includes the added convenience of a parking gated garage. The assigned parking for this property is parking #15. Additionally, Park Lake Towers Condominium goes above and beyond to make your life easier. They offer a secure package delivery service, ensuring that your Amazon packages and other deliveries are received and safely held in custody for your later pickup. No more worrying about missed deliveries! As a resident, you'll also have access to Notary Public services right within the condominium. And for your convenience, there's a computer and printer available in the lobby area that you can use at any time. Whether you need to notarize important documents or print that last-minute report. Convenience is a hallmark of this address, with major hospitals and universities nearby, making it an ideal location for healthcare professionals and academics alike. Dining enthusiasts will relish the tantalizing array of restaurants in downtown Orlando, while travelers will appreciate the proximity to Orlando MCO Airport. Moreover, Park Lake Towers provides a host of amenities for its residents. Your HOA fees cover water, sewer, trash removal, pest control, and even 24-hour security, ensuring peace of mind and a carefree lifestyle. You'll have access to cable and internet services, an oversized saltwater pool, a state-of-the-art fitness center, and a recreational room for leisure and social gatherings. Please note that Park Lake Towers Condominium is a no-pet building, with exceptions made for emotional support animals (ESA). The square footage provided is approximate, ensuring that you have an accurate understanding of the space you'll call home. In conclusion, 400 E Colonial Dr. APT 210 offers more than just an address; it presents a lifestyle. Don't miss the opportunity to make this remarkable residence your own. Contact us today to schedule a viewing and experience luxury living in Orlando at its finest! This apartment's location, price, and the included assigned parking space in the gated garage make it a must-see, and it won't stay on the market for long.

Property Information
Monthly Rent
$1,800
Monthly HOA
$0
rental Policy
STR Restrictions
Yearly Taxes
$2291
Bedrooms
1
Bathrooms
2
SQFT
799
Furnished
unknown
Year built
1975
MLS
O6144361

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Long-Term Rental Information
Revenue
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$15,024

Expenses
Profit
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Cap rate
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Cash on Cash
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$1,800/mo

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