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Orlando Condo with Fenced Patio

1928 CONWAY ROAD 31 Orlando, FL 32812

1928 CONWAY ROAD 31, Orlando, FL, 32812
$139,000
For Sale
Claim this Listing
$139,000

Charming 1-bedroom condo with upgrades and convenient location.

Property Size825 SF
Lot Size0.01 Acres
Price / SF$168.48
AddedSep 7, 2024
Days on Market678
Last RefreshJul 15 at 5:03 pm

Property Features for 1928 CONWAY ROAD 31

General Information

Standard status
Active
Size
825 SF
Lot size
0.01 Acres
Property subtype
Condo/Townhome

Building Details

Year Built
1970

Listing office KELLER WILLIAMS WINTER PARK

Listing date Sep 7, 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 KELLER WILLIAMS WINTER PARK


Investment Insights

Based on property information with market context.

This charming first-floor condo, located in a gated Orlando community, features one bedroom and one bathroom. The unit includes a spacious primary suite with a walk-in closet and in-unit laundry. The kitchen has been upgraded with granite countertops and stainless steel appliances. A large, fenced-in outdoor patio provides space for relaxation. Residents have easy access to a community pool, fitness room, and community mailbox. The property is conveniently located near the 408, downtown Orlando, and the airport. The unit is 825 square feet and is suited for first-time buyers or investors.

Key Highlights

  • Prime location near the 408, downtown Orlando, and the airport.
  • Upgraded kitchen with granite countertops and stainless steel appliances.
  • Large, fenced‑in outdoor patio.

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 $20.8k $25.20
− Vacancy −$1.4k −$1.64
EGI $19.4k $23.56
− OpEx −$8.7k −$10.60
NOI $10.7k $12.96
825 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$152.7K
$133.6K – $178.2K (±1% cap)
NOI $10,691 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.8K
$232.5K – $310.1K (±1% cap)
NOI $18,603 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Raysa Molina Abstract ... Art Studio

Suggested Use

Law Firm Parking Lot & Garage Real Estate Agency Electrical Service Bakery Kitchen & Bath Showroom Furniture & Home Goods Cafe & Coffee Shop Accounting Firm (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Residential income property - Charming 1-bedroom condo with upgrades and convenient location.
Where is this residential income property located?
The property is located at 1928 CONWAY ROAD 31 Orlando, FL.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Prime location near the 408, downtown Orlando, and the airport.; Upgraded kitchen with **granite countertops and stainless steel appliances.**; **Large, fenced‑in outdoor patio.**
Contact an agent
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