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For sale
Residential income properties
FL
Casselberry
32707
120 GEORGETOWN DRIVE

Lake Howell Arms Condo

120 GEORGETOWN DRIVE, Casselberry, FL 32707

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For Sale

$190,000

Condo with lake access, private courtyard, and modern updates.

Type:Condo/Townhome

Property size:

1,120 SF

Lot size:

0.02 Acres

Price / SF:

$169/SF

HighLights

Private access to Lake Howell with exclusive boat ramp.
Enjoy the private, fenced courtyard/patio with open, grassy views and no rear neighbors.
Updated kitchen featuring white cabinetry, quartz countertops, and custom backsplash.
Convenient location near major roadways and shopping.
Two generously‑sized bedrooms on the second floor; primary bedroom with built‑in closet and safety balcony.
HOA takes care of the roof.

We can help!

Contact an agent

Kristin Duncan

For Sale

$190,000

Condo with lake access, private courtyard, and modern updates.

Type:Condo/Townhome

Property size:

1,120 SF

Lot size:

0.02 Acres

Price / SF:

$169/SF

Added:: Jan 11, 2025
Days on Market:: 544
Last Refresh:: Apr 6 at 12:26 am

Property Features for 120 GEORGETOWN DRIVE

General Information

Standard status: Active
Size: 1,120 SF
Lot size: 0.02 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 1970

We can help!

Contact an agent

Kristin Duncan

Listing office KELLER WILLIAMS ADVANTAGE REAL

Listing date Jan 11, 2025

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 ADVANTAGE REAL

HighLights

Private access to Lake Howell with exclusive boat ramp.
Enjoy the private, fenced courtyard/patio with open, grassy views and no rear neighbors.
Updated kitchen featuring white cabinetry, quartz countertops, and custom backsplash.
Convenient location near major roadways and shopping.
Two generously‑sized bedrooms on the second floor; primary bedroom with built‑in closet and safety balcony.
HOA takes care of the roof.

Overview

Located in the Lake Howell Arms community, this condo offers private access to Lake Howell, including a boat ramp. The property features a private, fenced courtyard patio with views of open, grassy areas. The home includes two bedrooms on the second floor and a full bathroom. The primary bedroom has a built-in closet and a safety balcony overlooking green spaces. There are three storage closets, including those in the bedrooms. The kitchen has been updated with white cabinetry, quartz countertops, an under-mount sink, and a custom backsplash. The main living area features new laminate flooring and sliding glass doors. Additional features include a stackable washer/dryer unit, a 2016 AC unit, a 2016 water heater, and a half bath downstairs. The HOA handles roof maintenance. The property is located near Semoran Boulevard (436), 417, and 17-92, with access to shopping destinations like Downtown Winter Park and Altamonte Springs Mall. Two SunRail stations are nearby in Winter Park and Maitland. The property size is 1120 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$26.7k	$23.88
− Vacancy	−$1.7k	−$1.55
EGI	$25.0k	$22.33
− OpEx	−$11.3k	−$10.05
NOI	$13.8k	$12.28

1,120 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$196.5K

$171.9K – $229.2K (±1% cap)

NOI $13,754 @ 7.0% cap · market cap 7.24%

Second Best

—

no second resolved use

Theoretical Best

Office A

$318.7K

$278.9K – $371.8K (±1% cap)

NOI $22,310 @ 7.0% cap · market cap 11.74%

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

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Casselberry
County: Seminole
State: Florida
Longitude: -81.3212715
Latitude: 28.6427276

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For sale
Residential income properties
FL
Casselberry
32707
120 GEORGETOWN DRIVE

What type of property is this?

Residential income property - Condo with lake access, private courtyard, and modern updates.

Where is this residential income property located?

The property is located at 120 GEORGETOWN DRIVE Casselberry, FL.

What is the asking price?

The asking price for this property is $190,000.

What are key features of this property?

This property features: Private access to Lake Howell with exclusive boat ramp.; Enjoy the private, fenced courtyard/patio with open, grassy views and no rear neighbors.; Updated kitchen featuring white cabinetry, quartz countertops, and custom backsplash.