3000 Maingate LANE, #325, Kissimmee, FL, 34747 | $63,000

INVESTOR ALERT- Completely remodeled condo-hotel unit in the Galleria Palms located close to parks, dining and entertainment. This suite has just completed $17, 000 in remodeling and features 2 queen beds, upgraded with crown molding, new tile flooring throughout, new paint, lighting, artwork, furnishings, wall-mounted 49in flat screen TV, granite vanity with microwave, mini-fridge, coffee maker, wet bar, upgraded wi-fi, iron/ironing board and USB ports in the lighting fixtures all for your convenience. Bathroom offers dual sinks with granite counters. Complimentary shuttle service to parks and a hot breakfast served daily in lobby. Newer roof, windows and A/C units have all been recently installed making The Galleria Palms the perfect opportunity to be your 1st investment or add to your current portfolio as a turn-key suite. Take a swim in the pool and relax on sun deck! This condo-hotel offers investors the perfect combination of hassle free investment and a wonderful place to stay while in the Orlando area. There is a full-time property management company. *Owners cannot occupy longer than 14 days at any one stay. The unit cannot be removed from the onsite rental program.

Features

  • Elevator: Y
  • Heating: Central
  • Cooling: Central Air
  • Levels: 5
  • Amenities: Cable TV, Elevator(s), Laundry, Pool
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Common Area
  • Complex: MERIDIAN PALMS COMM CONDO
  • Year Built: 1998
  • Common Charge: $400 Monthly
  • Approx Sq. Feet: 304
  • Est. Taxes: $919
  • Lot Desc: Sidewalk
  • Pet Policy: No
  • Appliances: Bar Fridge, Microwave
  • MLS#: S5115604
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/S5115604/3000maingatelane_kissimmee_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 11/16/2024 4:35:31 PM)
Listing courtesy of NABE REALTY   Phone: 800-808-4870

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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3000 Maingate LANE, #325, Kissimmee, FL, 34747

$63,000

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 $50,400 $50,400 $50,400
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.582% 7.159% 6.518%
Monthly Tax Payment $77 $77 $77
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $344 $335 $432
Total Monthly Payment $496 $487 $584

* 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.