7601 Canada AVENUE, #409, Orlando, FL, 32819 | $115,999

Best Priced Fully Furnished Turnkey Unit within Stay Sky Suites. Sellers last remaining unit. Investors seeking positive income stream while placing in management program. Welcome to StaySky Suites located on I-Drive in the heart of Orlando tourist corridor drawing in 16. 8 Million Visitors just on I-Drive. This Fully-Furnished Turn-Key Hotel/Condo is located on the 4th floor, features 2 full size beds, living room with pull out sofa bed, & fully equipped kitchen. The resort is just walking distance to Orlando major theme attractions such as Universal Volcano Bay, Universal Studios, The Wheel at Icon Park, Restaurant Row, boutiques, nightlife, shops and easy access to Orlando International Airport and Convention center. Stay and play as an owner is able to stay and use the unit up to 14 days a month and enjoy the wonderful amenities including pool, fitness area, on site restaurant, bar as well as complimentary shuttle service to theme parks, basketball court & on-site laundry services. Enjoy your Florida getaways in the mist of the #1 Tourist destination of Orlando, FL; home to the World's tallest Starflyer, Slingshot and the World's largest Entertainment Restaurant McDonald's Excellent Rental income for someone who wants to generate rental income while utilizing the unit and generating income without doing all the work. Units in 2008 Sold for $196K. Orlando in 2022 had 74 Million Visitors, Ranking as the #1 US Travel Destination. One can also place the unit if you want to manage yourself and run as Airbnb. Units are zoned for short-term rentals so the rental stream is endless.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 6
  • Amenities: Fitness Center, Maintenance, Pool
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: None, Other
  • Complex: HAWTHORN SUITES ORLANDO
  • Year Built: 1999
  • Common Charge: $589 Monthly
  • Approx Sq. Feet: 542
  • Acreage: 0.01
  • Est. Taxes: $1,108
  • Pet Policy: No
  • Appliances: Microwave, Range, Refrigerator
  • MLS#: O6177543
  • Days on Market: 294 days
  • Website: https://www.raveis.com
    /prop/O6177543/7601canadaavenue_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 12/22/2024 7:47:09 PM)
Listing courtesy of LEGACY PLUS REALTY   Phone: 407-992-2268

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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7601 Canada AVENUE, #409, Orlando, FL, 32819

$115,999

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 $92,799 $92,799 $92,799
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $92 $92 $92
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $625 $617 $783
Total Monthly Payment $792 $784 $950

* 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.