Updated Condo in Sandalwood
22103 SANDALWOOD DRIVE 103 Wildwood, FL 34785
22103 SANDALWOOD DRIVE 103, Wildwood, FL, 34785
$145,000
Pending
For Sale
$145,000
Pending
Remodeled 2-bedroom, 2-bathroom condo with community amenities.
Property Size1,156 SF
Lot Size0.03 Acres
Days on Market612
Property Features for 22103 SANDALWOOD DRIVE 103
General Information
- Standard status
- Pending
- Size
- 1,156 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1980
Listing agency
MORRIS REALTY AND INVESTMENTS
(352) 874-5906
Listed by
Kim Ducharme-Levensohn · License #3178584
(352) 874-5906
Source
Exitrealty
Added: Nov 16, 2024 Updated: Jul 6 at 12:21PM Checked: Jul 21 at 6:22AM
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 MORRIS REALTY AND INVESTMENTS
Investment Insights
Based on property information with market context.
This rejuvenated 2-bedroom, 2-bathroom first-floor condo in the Sandalwood community offers maintenance-free living. The property, with a size of 1156 square feet, features an open living space with new wood plank tile flooring, fresh paint, and 6-inch baseboards. The kitchen includes new white cabinetry with soft-close drawers, quartz countertops, and stainless steel appliances. The living area has a wood-burning fireplace. The primary bedroom features new carpet and an ensuite bathroom with a modern shower/tub combo, a new vanity, updated lighting, and quartz countertops. The guest bedroom also has new carpet, and the guest bathroom has been fully remodeled. Additional updates include a new hot water tank and new windows. An interior stackable washer/dryer is included, along with a 1-year home warranty. The HOA covers water, sewer, exterior pest control, landscaping, and access to the community pool, clubhouse, and a renovated gym. The property is located minutes from The Villages with easy access to I-75.
Key Highlights
- Extensive recent remodel ($80,000+) featuring a new kitchen with cabinets, quartz countertops, and stainless steel appliances, plus remodeled bathrooms.
- Enjoy maintenance‑free living; the HOA covers water, sewer, exterior pest control, landscaping, and community amenities.
- Move‑in ready condition with new flooring, paint, hot water tank, and windows.
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 | $22.2k | $19.20 |
| − Vacancy | −$1.2k | −$1.06 |
| EGI | $21.0k | $18.14 |
| − OpEx | −$9.4k | −$8.16 |
| NOI | $11.5k | $9.98 |
1,156 SF · lease $19.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$164.8K
$144.2K – $192.3K
NOI $11,536 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.9K
$289.6K – $386.1K
NOI $23,166 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Remodeled 2-bedroom, 2-bathroom condo with community amenities.
Where is this residential income property located?
The property is located at 22103 SANDALWOOD DRIVE 103 Wildwood, FL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Extensive recent remodel ($80,000+) featuring a new kitchen with cabinets, quartz countertops, and stainless steel appliances, plus remodeled bathrooms.; Enjoy maintenance‑free living; the HOA covers water, sewer, exterior pest control, landscaping, and community amenities.; Move‑in ready condition with new flooring, paint, hot water tank, and windows.
