Ground Floor Condo with Pond
200 AFTON SQUARE 102 Altamonte Springs, FL 32714
200 AFTON SQUARE 102, Altamonte Springs, FL, 32714
$189,000
For Sale
$189,000
Two-bedroom, two-bath condo with pond views and updated features.
Property Size1,084 SF
Lot Size0.01 Acres
Price / SF$174.35
Days on Market757
Property Features for 200 AFTON SQUARE 102
General Information
- Standard status
- Active
- Size
- 1,084 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1988
Listing Agency
RE/MAX EXCLUSIVE COLLECTION
(407) 592-5763
Listed by
Michael Berlant · License #625907
(407) 592-5763
Source
Exitrealty
Added: Jun 25, 2024 Updated: Jul 6 at 12:18 pm Checked: Jul 20 at 1:51 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 RE/MAX EXCLUSIVE COLLECTION
Investment Insights
Based on property information with market context.
This ground floor condo features two bedrooms and two bathrooms. The main living area is finished with Travertine tile flooring. The living room includes a built-in media center. Both bathrooms have been updated; the master bathroom has a tub with a shower, while the hall bath features a walk-in shower. This corner unit includes a wrap-around covered porch and views of a pond. The A/C unit and water heater were newly installed in 2023. The property has a size of 1084 square feet.
Key Highlights
- New A/C and water heater installed in 2023.
- Desirable corner unit featuring a wrap‑around covered porch.
- Enjoy wonderful views of the pond.
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 | $25.9k | $23.88 |
| − Vacancy | −$1.7k | −$1.55 |
| EGI | $24.2k | $22.33 |
| − OpEx | −$10.9k | −$10.05 |
| NOI | $13.3k | $12.28 |
1,084 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$190.2K
$166.4K – $221.9K
NOI $13,312 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.5K
$269.9K – $359.9K
NOI $21,593 @ 7.0% cap · market cap 11.42%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom, two-bath condo with pond views and updated features.
Where is this residential income property located?
The property is located at 200 AFTON SQUARE 102 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: New A/C and water heater installed in 2023.; Desirable corner unit featuring a wrap‑around covered porch.; Enjoy wonderful views of the pond.
