Downtown Orlando Condo For
304 E SOUTH STREET 4027 Orlando, FL 32801
304 E SOUTH STREET 4027, Orlando, FL, 32801
$135,000
For Sale
$135,000
Condo in prime downtown location near arts, dining, and parks.
Property Size744 SF
Lot Size2.16 Acres
Price / SF$181.45
Days on Market870
Property Features for 304 E SOUTH STREET 4027
General Information
- Standard status
- Active
- Size
- 744 SF
- Lot size
- 2.16 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2002
Listing agency
KELLEY REALTY GROUP LLC
(407) 701-8104
Listed by
Dottie Kelley · License #3104317
(407) 701-8104
Source
Exitrealty
Added: Mar 3, 2024 Updated: Jul 10 at 1:04PM Checked: Jul 21 at 3:55AM
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 KELLEY REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Located in downtown Orlando, this condo is situated in The Grande, a mid-rise building at the corner of South and Rosalind. The unit, #4027, is on the 4th floor and features views. The location provides convenient access to the Dr. Phillips Performing Arts Center, trendy restaurants, retail shopping, Publix, Starbucks, Orlando’s Sunrail, Amway Arena, and city parks, including Lake Eola. The condo features wood laminate flooring and a fully-equipped kitchen with a range, refrigerator with ice maker, dishwasher, and disposal. A full-size washer and dryer are also included. Community amenities at The Grande include a pool with a large pool deck, tiki bar, fitness center, and 12-hour security. The unit includes one assigned parking space #84, located on the 2nd floor. The property size is 744 square feet.
Key Highlights
- Prime downtown Orlando location in The Grande, near Dr. Phillips Performing Arts Center.
- Walking distance to restaurants, retail, Publix, Starbucks, Sunrail, Amway Arena, and Lake Eola.
- Enjoy the pool with large deck, tiki bar, and fitness center.
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 | $18.7k | $25.20 |
| − Vacancy | −$1.2k | −$1.64 |
| EGI | $17.5k | $23.56 |
| − OpEx | −$7.9k | −$10.60 |
| NOI | $9.6k | $12.96 |
744 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$137.7K
$120.5K – $160.7K
NOI $9,642 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.7K
$209.7K – $279.6K
NOI $16,777 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fin & Fly Fishing ...
Tour Operator
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FAQs
What type of property is this?
Residential income property - Condo in prime downtown location near arts, dining, and parks.
Where is this residential income property located?
The property is located at 304 E SOUTH STREET 4027 Orlando, FL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Prime downtown Orlando location in The Grande, near Dr. Phillips Performing Arts Center.; Walking distance to restaurants, retail, Publix, Starbucks, Sunrail, Amway Arena, and Lake Eola.; Enjoy the pool with large deck, tiki bar, and fitness center.
