Updated Condo in Tuscana
1371 TUSCAN TERRACE 3204 Davenport, FL 33896
1371 TUSCAN TERRACE 3204, Davenport, FL, 33896
$230,000
For Sale
$230,000
Updated 3-bedroom, 2-bath condo in Tuscana Resort, Davenport, FL.
Property Size1,244 SF
Lot Size0.27 Acres
Price / SF$184.89
Days on Market675
Property Features for 1371 TUSCAN TERRACE 3204
General Information
- Standard status
- Active
- Size
- 1,244 SF
- Lot size
- 0.27 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2007
Listing Agency
FRE ASSOCIATES LLC
(321) 512-3661
Listed by
Juliana Sotomayor · License #3484719
(321) 512-3661
Source
Exitrealty
Added: Sep 11, 2024 Checked: May 20 at 2:56 am
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 FRE ASSOCIATES LLC
Investment Insights
Based on property information with market context.
This updated condo in Tuscana Resort, Davenport, FL, features 3 bedrooms and 2 bathrooms. The property was fully renovated in 2021 and is being sold fully furnished. Interior features include granite countertops, grey soft-close cabinets in the kitchen and bathrooms, and luxury vinyl flooring throughout. A new water heater was installed in 2022, and the AC unit was replaced in 2019. The primary bedroom includes a private en-suite bathroom with a walk-in shower, while the second bathroom has a tub/shower combo. Located within a gated community, Tuscana Resort offers a large beach-style pool, hot tub, fitness center, on-site restaurant, and a playground. The property is suitable for primary homeowners, long-term tenants, and short-term rental investors. The unit has a property size of 1244 square feet.
Key Highlights
- Fully furnished and renovated in 2021, including updated appliances, HVAC, plumbing, and luxury vinyl flooring.
- Located in Tuscana Resort, a gated community offering resort‑style amenities.
- Ideal for primary homeowners, long‑term tenants, or short‑term rental investors.
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 | $22.8k | $18.36 |
| − Vacancy | −$1.4k | −$1.14 |
| EGI | $21.4k | $17.22 |
| − OpEx | −$9.6k | −$7.75 |
| NOI | $11.8k | $9.47 |
1,244 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$168.3K
$147.3K – $196.4K
NOI $11,783 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$298.9K
$261.6K – $348.8K
NOI $20,926 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Updated 3-bedroom, 2-bath condo in Tuscana Resort, Davenport, FL.
Where is this short term rental property located?
The property is located at 1371 TUSCAN TERRACE 3204 Davenport, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Fully furnished and renovated in 2021, including updated appliances, HVAC, plumbing, and luxury vinyl flooring.; Located in Tuscana Resort, a gated community offering resort‑style amenities.; Ideal for primary homeowners, long‑term tenants, or short‑term rental investors.
