722 E Michigan STREET, #145, Orlando, FL, 32806 | $164,500

One or more photo(s) has been virtually staged. AMAZING INVESTOR OPPORTUNITY!!!

Welcome to an exceptional opportunity in the heart of Orlando’s vibrant SoDo District! This beautiful 3-bedroom, 2-bathroom condominium in the highly desirable La Costa Brava community offers the perfect blend of investment potential and living. Situated on the first floor, this charming home features newly tiled floors and premium vinyl flooring in the living room and bedrooms, providing both elegance and durability.

Step into the modern kitchen, with spacious cabinets, washer and dryer in-unit and newer appliances await your culinary adventures. The spacious living areas flow seamlessly, creating an inviting atmosphere for entertaining or relaxing. Both bathrooms have been tastefully upgraded with new vanities and modern finishes, ensuring a luxurious experience.

Residents will be delighted by the array of amenities that La Costa Brava offers. Enjoy access to a boat ramp on the stunning 61-acre Lake Pineloch, a skiable lake perfect for water enthusiasts. Relax in not one, but two sparkling pools, stay active in the state-of-the-art fitness center, or unwind with friends in the community cantina. These features not only enhance your lifestyle but also add significant appeal for potential renters.

Convenience is at your doorstep with this prime location. Two Publix grocery stores, Fresh-field Farms, Target, and Starbucks are all within easy reach, ensuring your daily needs are met with ease. Additionally, the area boasts limitless dining options, from casual eateries to fine dining, catering to every palate.

Situated just minutes from the trendy Hourglass District, Orlando Regional Medical Center, and Downtown Orlando, this condominium offers unparalleled access to key locations. Quick access to major highways like I-4, 408, and Orlando International Airport further enhances its desirability, making commuting a breeze.

Education is a top priority, and this home is located within an outstanding school system. You will appreciate the proximity to highly-rated K-12 magnet schools, including Blankner K-8 School and Boone High School, renowned for their academic excellence, enriching, and national sports programs.

Whether you are an investor seeking a valuable asset with excellent rental income potential and long-term appreciation, or a looking for a vibrant community to call home, this condominium is a rare find. Don’t miss out on this opportunity to secure a piece of Orlando’s finest living.

3/2 Downtown Lake Condo 1182 SQFT Core Logic Real ARV $203, 000-225, 000 Price Per Square Foot: $134 Average Price Per Square Foot of Comparable: $217

It has almost been completely renovated and may require very little work, if you'll like, to make this your dream home.

Features

  • Heating: Central, Electric
  • Cooling: Central Air, Humidity Control
  • Levels: 2
  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: In Kitchen, Laundry Closet
  • Complex: LA COSTA BRAVA LAKESIDE
  • Year Built: 1969
  • Common Charge: $771 Monthly
  • Approx Sq. Feet: 1,182
  • Acreage: 0.15
  • Est. Taxes: $1,639
  • Lot Desc: Near Public Transit
  • Elem. School: Blankner Elem
  • Middle School: Blankner School (K-8)
  • High School: Boone High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: T3532217
  • Days on Market: 110 days
  • Website: https://www.raveis.com
    /prop/T3532217/722emichiganstreet_orlando_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/23/2024 12:53:48 AM)
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William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

722 E Michigan STREET, #145, Orlando, FL, 32806

$164,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $131,600 $131,600 $131,600
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $137 $137 $137
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $876 $875 $1,128
Total Monthly Payment $1,088 $1,087 $1,340

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.