Renovated Townhouse in Gated
115 ORCHID DRIVE Davenport, FL 33897
For Sale
$294,900
Spacious, renovated 4-bed, 3-bath townhouse with resort amenities.
Property Size1,748 SF
Lot Size0.02 Acres
Price / SF$168.71
Days on Market495
Property Features for 115 ORCHID DRIVE
General Information
- Standard status
- Active
- Size
- 1,748 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2002
Listing Agency:
BEST ORLANDO LIVING REALTY
(347) 251-7885
Listed By:
Taufiq Ul Islam · License #3415676
(347) 251-7885
Source:
Exitrealty
Added: Mar 18, 2025
Changed: Jul 6
Last Checked: Jul 24 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BEST ORLANDO LIVING REALTY
Investment Insights
Based on property information with market context.
This newly renovated, spacious townhouse features 4 bedrooms and 3 bathrooms. It is located within a secured, gated community in Island Club Resort. The property is positioned at the street end, offering an enhanced view. The interior has been updated with new paint, an upgraded kitchen, appliances, and new flooring. Residents have access to a private gym, swimming pool, basketball court, volleyball court, kids' play area, and tennis court. The property is centrally located in the heart of Davenport, with a Publix supermarket, pharmacy, food court, bar, pub, and gas station within a 2-3 minute driving distance. The property size is 1748 square feet.
Key Highlights
- Newly renovated 4 bed, 3 bath townhouse
- Located in a secured, gated community within Island Club Resort
- Resort‑style amenities including private gym, swimming pool, basketball court, volleyball, kids play area, and tennis court
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $18.36 |
| − Vacancy | −$2.0k | −$1.14 |
| EGI | $30.1k | $17.22 |
| − OpEx | −$13.5k | −$7.75 |
| NOI | $16.6k | $9.47 |
1,748 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$236.5K
$207.0K – $276.0K
NOI $16,557 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.1K
$367.6K – $490.1K
NOI $29,404 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Island Club West ...
Sports Field & Court
FAQs
What type of property is this?
Residential income property - Spacious, renovated 4-bed, 3-bath townhouse with resort amenities.
Where is this residential income property located?
The property is located at 115 ORCHID DRIVE Davenport, FL.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Newly renovated 4 bed, 3 bath townhouse; Located in a secured, gated community within Island Club Resort; Resort‑style amenities including private gym, swimming pool, basketball court, volleyball, kids play area, and tennis court
