Updated Condo in Waterfront
670 POST OAK CIRCLE 102 Altamonte Springs, FL 32701
For Sale
$299,999
Updated condo with new features in a waterfront community.
Property Size1,692 SF
Lot Size0.03 Acres
Price / SF$177.30
Days on Market599
Property Features for 670 POST OAK CIRCLE 102
General Information
- Standard status
- Active
- Size
- 1,692 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1993
Listing Agency:
HOME WISE REALTY GROUP, INC.
(386) 956-5176
Listed By:
Denise Souza · License #3097168
(386) 956-5176
Source:
Exitrealty
Added: Dec 4, 2024
Changed: Jul 6
Last Checked: Jul 25 at 5:59AM
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 HOME WISE REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
This updated condo is located in a waterfront community. The property features a new kitchen, new bathrooms, new floors, and new HVAC. The property size is 1692 square feet. The zoned high school has a magnet program for engineering and all phases of construction. Owner financing is available.
Key Highlights
- Owner financing available
- Updated condo featuring a new kitchen, bathrooms, floors, and HVAC
- Waterfront community
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 | $40.4k | $23.88 |
| − Vacancy | −$2.6k | −$1.55 |
| EGI | $37.8k | $22.33 |
| − OpEx | −$17.0k | −$10.05 |
| NOI | $20.8k | $12.28 |
1,692 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$296.8K
$259.7K – $346.3K
NOI $20,778 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.5K
$421.3K – $561.8K
NOI $33,705 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rathman Enterprises
Medical Clinic
FAQs
What type of property is this?
Residential income property - Updated condo with new features in a waterfront community.
Where is this residential income property located?
The property is located at 670 POST OAK CIRCLE 102 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Owner financing available; Updated condo featuring a new kitchen, bathrooms, floors, and HVAC; Waterfront community
