Two Bedroom Condo For
9916 SWEEPSTAKES LANE 7 Orlando, FL 32837
9916 SWEEPSTAKES LANE 7, Orlando, FL, 32837
$195,000
For Sale
$195,000
Two-bedroom, two-bath condo with upgraded flooring and appliances included.
Property Size905 SF
Lot Size0.10 Acres
Price / SF$215.47
Days on Market529
Property Features for 9916 SWEEPSTAKES LANE 7
General Information
- Standard status
- Active
- Size
- 905 SF
- Lot size
- 0.10 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing agency
MY REALTY GROUP, LLC.
(407) 421-6256
Listed by
Joseph Fernandini · License #3164241
(407) 421-6256
Source
Exitrealty
Added: Feb 9, 2025 Updated: Jul 6 at 12:03PM Checked: Jul 22 at 9:37AM
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 MY REALTY GROUP, LLC.
Investment Insights
Based on property information with market context.
This is an investor opportunity to acquire a two-bedroom, two-bath condo located on the second floor of a condominium complex. The 905 square foot unit includes appliances, with a washer and dryer included. The unit features upgraded tile and laminate wood flooring throughout, with no carpet. The property is located close to shopping areas, schools, major roads, and theme parks.
Key Highlights
- Unbeatable location: Close proximity to shopping, great schools, major roads, and theme parks.
- Two bedrooms and two bathrooms.
- Upgraded flooring: Enjoy tiles and laminate wood throughout, with no carpet.
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 | $21.7k | $24.00 |
| − Vacancy | −$1.4k | −$1.56 |
| EGI | $20.3k | $22.44 |
| − OpEx | −$9.1k | −$10.10 |
| NOI | $11.2k | $12.34 |
905 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$159.6K
$139.6K – $186.2K
NOI $11,170 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$265.8K
$232.6K – $310.1K
NOI $18,607 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hawthorne Village Condos
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom, two-bath condo with upgraded flooring and appliances included.
Where is this residential income property located?
The property is located at 9916 SWEEPSTAKES LANE 7 Orlando, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Unbeatable location: Close proximity to shopping, great schools, major roads, and theme parks.; Two bedrooms and two bathrooms.; Upgraded flooring: Enjoy tiles and laminate wood throughout, with no carpet.
