712 Michigan COURT, #2, Saint Cloud, FL, 34769 | $163,500

INVESTOR'S DREAM! Unlock the potential of this fantastic condo in the heart of St. Cloud, Florida! Prime Investor Opportunity:
This condo comes with a reliable tenant already in place, ensuring a hassle-free and immediate return on investment. Say goodbye to the wait and start reaping the benefits from day one! This condo is within a short distance to schools, making it an ideal choice for parents or guardians. Located on the first floor, accessibility is a breeze. This condo has undergone a stunning transformation! Recent renovations include brand-new windows, cabinets, and granite countertops. The modern and stylish upgrades not only enhance the aesthetic appeal but also increase the overall value of the property. Experience the charm and vibrancy of downtown living! Enjoy proximity to local shops, restaurants, and entertainment, making this condo a hub for the best that St. Cloud has to offer. Convenience is key! This condo is strategically located near commercial centers, ensuring that your tenants have easy access to shopping, dining, and everyday essentials.
Don't miss out on this exceptional investment opportunity! Act fast and secure your future returns. Schedule a viewing and explore the limitless potential of this tenant-occupied gem in St. Cloud, Florida!

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Common Area
  • Complex: PALM GARDENS CONDO
  • Year Built: 1972
  • Approx Sq. Feet: 784
  • Acreage: 0.04
  • Est. Taxes: $1,985
  • Condo Fee: $300 Monthly
  • Elem. School: Michigan Avenue Elem (K 5)
  • Middle School: St. Cloud Middle (6-8)
  • High School: St. Cloud High School
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Microwave, Range, Refrigerator
  • MLS#: S5099784
  • Days on Market: 8 days
  • Website: https://www.raveis.com
    /prop/S5099784/712michigancourt_saintcloud_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 5/15/2024 8:32:31 PM)

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Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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978-337-3053

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Our Insurance Division:

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712 Michigan COURT, #2, Saint Cloud, FL, 34769

$163,500

Nicole Vargas

William Raveis Real Estate

Phone: 978.995.0316

Nicole.Vargas@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $130,800 $130,800 $130,800
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.133% 6.256%
Monthly Tax Payment $165 $165 $165
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $892 $869 $1,103
Total Monthly Payment $1,132 $1,109 $1,343

* 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.