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Buy a condoat 5550 E MICHIGAN STREET Unit 3116, ORLANDO, FL 32822

$250,000

$0/mo

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Residential

1,107 Sq. Ft.

8.85 Acres lot

2 Bedrooms

2 Bathrooms

267 Days on market

O6132483 MLS ID

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About 5550 E MICHIGAN STREET Unit 3116 condo

Investor alert! Great opportunity to own a turnkey 2/2 condo currently leased in the heart of Azalea Park. The current lease dates started on 05/01/2023 and end on 04/30/2024. This is a long-term tenant in place since 2018 with phenomenal payment history (rent roll available upon LOI or formal offer). Existing monthly rent is below current market rate with an opportunity to increase at term renewal. Don't miss this opportunity to expand your investment portfolio with an ideal property that is just 5 minutes away from the AIRPORT MCO. HOA dues Include Cable & Internet!
Investor alert! Great opportunity to own a turnkey 2/2 condo currently leased in the heart of Azalea Park. The current lease dates started on 05/01/2023 and end on 04/30/2024. This is a long-term tenant in place since 2018 with phenomenal payment history (rent roll available upon LOI or formal offer). Existing monthly rent is below current market rate with an opportunity to increase at term renewal. Don't miss this opportunity to expand your investment portfolio with an ideal property that is just 5 minutes away from the AIRPORT MCO. HOA dues Include Cable & Internet!

Property details

Building

Building Name Number: 3

Living Area Meters: 102.84

Room Count: 3

Building Area Total: 1107

Building Area Units: Square Feet

Construction Materials: "Block", "Stucco"

Direction Faces: North

Levels: "One"

Living Area: 1107

Stories Total: 3

Year Built: 2005

Fees

Total Annual Fees: $5,100

Total Monthly Fees: $425

Home Owner's Association

Association Email: propertymanagertheregistry@hotmail.com

Association Fee Requirement: Required

Association Approval Required YN: 1

Monthly HOA Amount: $425

Association Fee Frequency: Monthly

Association Fee Includes: "Cable TV", "Pool", "Internet"

Association Fee: $425

Association Name: Alex Burnett

Association Phone: 407-313-9292

Listing

End Date of Lease: 2024-04-30

Available For Lease

Existing Lease Tenant

Minimum Lease: 6 Months

Calculated List Price By Calculated Sq Ft: $226

Unit Number: 3116

Lot

Lot Size Square Meters: 35823

Total Acreage: 5 to less than 10

8.85 acres

385598 square feet

Pets Policy

Number Of Pets: 2

Pet Restrictions: Owners up to 2 pets of 35lbs. Tenants up to 1 pet of 35lbs. All pets MUST be registered with HOA.

Pet Size: Small (16-35 Lbs.)

Pets Allowed: "Breed Restrictions"

Property Access

Road Surface: "Asphalt"

Appliances & Equipment

Appliances: "Convection Oven", "Dishwasher", "Disposal", "Dryer", "Electric Water Heater", "Microwave", "Refrigerator", "Washer"

Bathrooms

2 full bathrooms

Bedrooms

Bedrooms Total: 2

Community

Community Features: "Fitness Center", "Pool", "Sidewalks"

Cooling

Cooling: "Central Air"

Disclosures

Disclosures: "Condominium Disclosure Available", "Seller Property Disclosure"

Exterior Features

Exterior Features: "Sidewalk"

Floors

Flooring: "Ceramic Tile", "Laminate"

Foundation

Foundation Details: "Slab"

Heating

Heating: "Electric"

Interior Features

Interior Features: "Solid Wood Cabinets", "Stone Counters"

Location

County or Parish: Orange

Subdivision: REGISTRY/MICHIGAN PARK CONDO

Township: 23

Property

Zoning: O-2/AN

Roof

Roof: "Tile"

Schools

Elementary School: Lake George Elem

Middle Or Junior School: Conway Middle

High School: Boone High

Sewer

Sewer: "Public Sewer"

Utilities

Utilities: "BB/HS Internet Available", "Cable Available", "Electricity Available", "Public", "Street Lights", "Water Available"

Water Source: "Public"

Monthly cost

Estimated monthly cost

$1,620/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Oct 30, 2015

Price

$85,000

DatePrice
Oct 30, 2015$85,000

Schools

This home is within the Orange.

Orlando enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$235,000

+$7,500

$242,500

Seller agent commission$7,500 (3%)*

$0 (0%)

Buyer agent commission$7,500 (3%)*

$7,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: May 2, 2024 at 12:24 a.m.

Data updated: Aug 8, 2023 at 11:36 a.m.

Courtesy of PREMIUM PROPERTIES R.E SERVICE.
This content last updated on 08/08/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on 08/08/2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Listing Information © 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.

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