Two-Story Condo with Green
6924 WOODLAKE DRIVE 104 Orlando, FL 32810
6924 WOODLAKE DRIVE 104, Orlando, FL, 32810
$220,500
For Sale
$220,500
Cozy condo with fireplace, patio, and convenient location.
Property Size1,004 SF
Lot Size0.10 Acres
Price / SF$219.62
Days on Market578
Property Features for 6924 WOODLAKE DRIVE 104
General Information
- Standard status
- Active
- Size
- 1,004 SF
- Lot size
- 0.10 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing Agency
BERKSHIRE HATHAWAY HOMESERVICES RESULTS REALTY
(407) 256-7698
Listed by
Sean Ferguson · License #701392
(407) 256-7698
Source
Exitrealty
Added: Dec 20, 2024 Updated: Jul 6 at 12:03 pm Checked: Jul 20 at 1:48 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 BERKSHIRE HATHAWAY HOMESERVICES RESULTS REALTY
Investment Insights
Based on property information with market context.
This two-story condominium at Magnolia Bay features a front porch, a spacious living room with a wood-burning fireplace, and a kitchen equipped with storage space, a stylish backsplash, and an eat-in space. A sliding door provides access to a private patio overlooking a green space. The layout includes two primary suites with full bathrooms upstairs, and a half bathroom downstairs. The community is conveniently located near shopping, dining, entertainment, outdoor recreation, and major highways, including I-4 and toll roads, providing access to Central Florida. A new roof was installed by the HOA as of January 2025. The property size is 1004 square feet.
Key Highlights
- Two primary suites with full bathrooms upstairs
- Convenient location near shopping, dining, entertainment, outdoor recreation, I‑4, and toll roads
- New roof installed in January 2025
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 | $25.3k | $25.20 |
| − Vacancy | −$1.6k | −$1.64 |
| EGI | $23.7k | $23.56 |
| − OpEx | −$10.6k | −$10.60 |
| NOI | $13.0k | $12.96 |
1,004 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$185.9K
$162.6K – $216.9K
NOI $13,011 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.4K
$283.0K – $377.3K
NOI $22,640 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Cozy condo with fireplace, patio, and convenient location.
Where is this residential income property located?
The property is located at 6924 WOODLAKE DRIVE 104 Orlando, FL.
What is the asking price?
The asking price for this property is $220,500.
What are key features of this property?
This property features: Two primary suites with full bathrooms upstairs; Convenient location near shopping, dining, entertainment, outdoor recreation, I‑4, and toll roads; New roof installed in January 2025
