Metrowest 2/2 Residential
1027 S HIAWASSEE ROAD 2313 Orlando, FL 32835
1027 S HIAWASSEE ROAD 2313, Orlando, FL, 32835
$169,000
For Sale
$169,000
Remodeled 2/2 unit in desirable Metrowest location.
Property Size829 SF
Lot Size0.08 Acres
Price / SF$203.86
Days on Market1032
Property Features for 1027 S HIAWASSEE ROAD 2313
General Information
- Standard status
- Active
- Size
- 829 SF
- Lot size
- 0.08 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1989
Listing agency
GOLDEN DOOR REALTY
(407) 748-7262
Listed by
Andre Leirias, LLC · License #3256470
(407) 748-7262
Source
Exitrealty
Added: Sep 26, 2023 Updated: Jul 10 at 1:04PM Checked: Jul 22 at 8:17AM
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 GOLDEN DOOR REALTY
Investment Insights
Based on property information with market context.
This residential income property is a 2/2 unit located in Metrowest. The unit, which has been recently remodeled, offers 829 square feet of space. The property is situated in a desirable location that is attractive to investors.
Key Highlights
- Desirable Metrowest location
- Recently remodeled unit
- Ideal for investors
Local 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 | $20.9k | $25.20 |
| − Vacancy | −$1.4k | −$1.64 |
| EGI | $19.5k | $23.56 |
| − OpEx | −$8.8k | −$10.60 |
| NOI | $10.7k | $12.96 |
829 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$153.5K
$134.3K – $179.1K
NOI $10,743 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.0K
$233.7K – $311.6K
NOI $18,693 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Remodeled 2/2 unit in desirable Metrowest location.
Where is this residential income property located?
The property is located at 1027 S HIAWASSEE ROAD 2313 Orlando, FL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Desirable Metrowest location; Recently remodeled unit; Ideal for investors
