First-Floor 1BR Condo
126 BLUE POINT Way Altamonte Springs, FL 32701
126 BLUE POINT Way, Altamonte Springs, FL, 32701
$105,000
For Sale
$105,000
MULTI_FAMILY - ALTAMONTE SPRINGS, FL
Property Size496 SF
Price / SF$211.69
Days on Market20
Property Features for 126 BLUE POINT Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- MOC-3
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bedroom 1, Family Room, Bathroom 1
- Window features
- Blinds
- Pets allowed
- Yes
- Interior features
- Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor
- Exterior features
- Lighting
- Appliances
- Dryer, Range, Refrigerator
- Standard status
- Active
- APN
- 14-21-29-528-1100-1110
- Size
- 496 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BLDG 11 UNIT 1110 WATERSIDE AT CRANES ROOST A CONDOMINIUM COMMUNITY ORB 5959 PG 1684
- Tax Annual Amount
- 1617
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 3
- Building materials
- Stucco
- Roof type
- Shingle
Listing agency
OLYMPUS EXECUTIVE REALTY INC
(407) 469-0090
Listed by
Whittney Self · License #388226
(770) 597-2888
Added: Jul 2 Updated: Jul 4 at 5:07PM Checked: Jul 21 at 7:06PM
MLS# O6422081
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This first-floor 1-bedroom, 1-bath condominium features an open-concept layout with a living room and kitchen combination. The unit is described as well-maintained and is currently tenant-occupied, with rental income in place. The association provides exterior building maintenance, and residents have access to a community pool.
The property is located at 126 BLUE POINT Way in Altamonte Springs, in Seminole County. The listing notes proximity to shopping, dining, and major highways.
As presented, the offering combines condo ownership with community amenities and association-supported exterior maintenance, with the current tenant expected to move out soon, providing flexibility for the next owner.
The property is located at 126 BLUE POINT Way in Altamonte Springs, in Seminole County. The listing notes proximity to shopping, dining, and major highways.
As presented, the offering combines condo ownership with community amenities and association-supported exterior maintenance, with the current tenant expected to move out soon, providing flexibility for the next owner.
Key Highlights
- First‑floor 1‑bedroom, 1‑bath condominium with an open floorplan and kitchen/family room combo
- Currently tenant‑occupied with rental income of $1,300 per month; tenant moving out soon
- Central air conditioning and central heating, with electric heating listed
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 | $11.8k | $23.88 |
| − Vacancy | −$770 | −$1.55 |
| EGI | $11.1k | $22.33 |
| − OpEx | −$5.0k | −$10.05 |
| NOI | $6.1k | $12.28 |
496 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$87.0K
$76.1K – $101.5K
NOI $6,091 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$141.1K
$123.5K – $164.7K
NOI $9,880 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - First-floor 1-bedroom, 1-bath condo in a maintained community with association-managed exterior maintenance and a community pool.
Where is this multifamily property located?
The property is located at 126 BLUE POINT Way Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: First‑floor 1‑bedroom, 1‑bath condominium with an open floorplan and kitchen/family room combo; Currently tenant‑occupied with rental income of $1,300 per month; tenant moving out soon; Central air conditioning and central heating, with electric heating listed
