Celebration Avenue Modern
651 CELEBRATION AVENUE 651 Celebration, FL 34747
For Sale
$324,500
Pending
Modern one-bedroom condo in vibrant downtown Celebration, Florida.
Property Size854 SF
Lot Size0.02 Acres
Days on Market565
Property Features for 651 CELEBRATION AVENUE 651
General Information
Standard status
Pending
Size
854 SF
Lot size
0.02 Acres
Property subtype
Condo/Townhome
Building Details
Year Built
1998
Listing Agency:
BETTER HOMES & GARDENS LIFESTYLES REALTY
(407) 433-9699
Listed By:
Dana Hall-Bradley · License #696765
(407) 433-9699
Source:
Exitrealty
Added: Jan 10, 2025
Changed: Jul 6
Last Checked: Jul 29 at 7:04AM
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 BETTER HOMES & GARDENS LIFESTYLES REALTY
Investment Insights
Based on property information with market context.
This modern one-bedroom condo is located on Celebration Avenue in downtown Celebration, Florida. The property offers a vibrant lifestyle with convenient access to nearby amenities. The condo features a sleek kitchen equipped with Quartz countertops and Frigidaire stainless steel appliances. The bathroom includes a Carrara marble flooring shower and a spacious walk-in design, complemented by solid wood cabinetry and a new vanity. A remodel completed in March 2023 introduced luxury vinyl plank flooring throughout the condo. New cabinetry, fans, and hardware enhance the living space. A stackable washer and dryer are included. The property includes a spacious balcony, suitable for seating and relaxation. The condo association has upgraded the slab flooring on the balcony within the past year. The property size is 854 square feet.
Key Highlights
- Prime downtown Celebration location offering a vibrant lifestyle with immediate access to amenities.
- Recently remodeled (March 2023) with contemporary finishes including luxury vinyl plank flooring.
- Sleek kitchen featuring Quartz countertops and Frigidaire stainless steel appliances.
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 | $20.4k | $23.88 |
| − Vacancy | −$1.3k | −$1.55 |
| EGI | $19.1k | $22.33 |
| − OpEx | −$8.6k | −$10.05 |
| NOI | $10.5k | $12.28 |
854 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$149.8K
$131.1K – $174.8K
NOI $10,487 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$264.1K
$231.1K – $308.1K
NOI $18,485 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Modern one-bedroom condo in vibrant downtown Celebration, Florida.
Where is this residential income property located?
The property is located at 651 CELEBRATION AVENUE 651 Celebration, FL.
What is the asking price?
The asking price for this property is $324,500.
What are key features of this property?
This property features: Prime downtown Celebration location offering a vibrant lifestyle with immediate access to amenities.; Recently remodeled (March 2023) with contemporary finishes including luxury vinyl plank flooring.; Sleek kitchen featuring Quartz countertops and Frigidaire stainless steel appliances.
