940 DOUGLAS AVENUE 217, Altamonte Springs, FL 32714
One-story condo near Altamonte Mall with community amenities.
- Added:
- Dec 24, 2024
- Days on Market:
- 532
- Last Refresh:
- May 19 at 10:53 pm
Property Features for 940 DOUGLAS AVENUE 217
General Information
- Standard status
- Active
- Size
- 1,146 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1982
Listing agent Benjamin Crane License #3604933 (302) 841-8999
Listing office CITARELLI REALTY GROUP LLC (302) 841-8999
Listing date Dec 24, 2024
Source Exitrealty
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 CITARELLI REALTY GROUP LLC
HighLights
- Prime Location: Central to established communities, close to Altamonte Mall, Crane's Roost Park, AMC movie theater, and Seminole County Softball Complex.
- Easy Commute: Extremely easy access to I‑4's Express Lane for quick access to downtown Orlando.
- One‑Story Condo: Features two bedrooms and two baths in a single‑story layout.
- No Rear Neighbors: Enjoy a screened‑in patio backing up to a private area.
- Community Amenities: Access to a fitness room, clubhouse, tennis courts, resort‑style pool and hot tub, deck overlooking a fountain pond, and a scenic fitness trail.
- Interior Features: Fireplace, high ceilings, well‑maintained unit, and stainless steel appliances.
Overview
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 | $27.4k | $23.88 |
| − Vacancy | −$1.8k | −$1.55 |
| EGI | $25.6k | $22.33 |
| − OpEx | −$11.5k | −$10.05 |
| NOI | $14.1k | $12.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Altamonte Springs
- County
- Seminole
- State
- Florida
- Longitude
- -81.3918746
- Latitude
- 28.6833925
