Off-Market Condo: 32 at 206 E South St, Orlando, FL, 32801

206 E South St, Orlando, FL, 32801

- #2032

$184,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $1,498 per month, based on comparable local listings. Estimated long-term cap rate of -3.2%. MOTIVATED SELLER. Beautiful condo and amenities in excellent downtown location just behind the Dr. Phillips Center for the Performing Arts. Easy, walkable access to Lake Eola, Amway Center, Thornton Park, City Hall and more. Close to Orlando Health Regional, Advent Hospital, Arnold Palmer Hospital and Winnie Palmer Hospital. Complex features gated entry, fitness center and resort style pool complete with Tiki hut and grills. A major renovation was completed in 2021 which included new roof, replacement of windows with double paned, thermal windows, all new exterior paint and landscaping. A/C replaced in 2020. Definitely a wonderful place to live, work and play.

Property Information
Monthly Rent
$1,498
Monthly HOA
$793
Rental Policy
STR Restrictions
Yearly Taxes
$2542
Bedrooms
1
Bathrooms
1
SQFT
685
Furnished
unknown
Year built
2002
Listing Status
Off Market
MLS
O6150988

Long-term Rental Potential
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$17,976

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,498/mo

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