Move-In Ready Townhome in
2620 LANCASTER COURT Apopka, FL 32703
2620 LANCASTER COURT, Apopka, FL, 32703
$280,000
For Sale
$280,000
3/2.5 townhome in Wekiva Reserve, ready for move-in.
Property Size1,507 SF
Lot Size0.04 Acres
Price / SF$185.80
Days on Market557
Property Features for 2620 LANCASTER COURT
General Information
- Standard status
- Active
- Size
- 1,507 SF
- Lot size
- 0.04 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1990
Listing Agency
CFRP REALTY LLC
(407) 844-8672
Listed by
Dee Dee Anderson · License #3187406
(407) 844-8672
Source
Exitrealty
Added: Jan 9, 2025 Updated: Jul 6 at 12:07 pm Checked: Jul 20 at 3:23 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 CFRP REALTY LLC
Investment Insights
Based on property information with market context.
This 3/2.5 townhome is located in Wekiva Reserve and is ready for move-in. The unit features a spacious living area and an eat-in kitchen. It includes new vanities, new appliances, and new flooring. There is potential for a private outdoor space.
Key Highlights
- Move‑in ready condition.
- Featuring 3 bedrooms and 2.5 bathrooms.
- New vanities, appliances, and flooring throughout.
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 | $36.0k | $23.88 |
| − Vacancy | −$2.3k | −$1.55 |
| EGI | $33.6k | $22.33 |
| − OpEx | −$15.1k | −$10.05 |
| NOI | $18.5k | $12.28 |
1,507 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$264.4K
$231.3K – $308.4K
NOI $18,506 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.8K
$375.2K – $500.3K
NOI $30,019 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - 3/2.5 townhome in Wekiva Reserve, ready for move-in.
Where is this residential income property located?
The property is located at 2620 LANCASTER COURT Apopka, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Move‑in ready condition.; Featuring 3 bedrooms and 2.5 bathrooms.; New vanities, appliances, and flooring throughout.
