First-Floor Residential Income
For Sale
$225,000
1375 TUSCANA 1108, Davenport, FL 33896
Occupied three-bedroom residence with resort amenities, screened outdoor space, and a lease extending into 2027.
Property Size1,210 SF
Days on Market183
Property Features for 1375 TUSCANA 1108
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Other
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,529
Amenities
resort-style pool and spa
fitness center
private theater
playground
on-site dining option
Building Details
Building Size
1,210 SF
Year Built
2007
Tenancy
Single
Listed By:
Irma Shaffer · License #3430837
(407) 748-2930
Source:
Elliman
Added: Apr 21
Changed: Oct 4
Last Checked: Oct 19 at 7:11AM
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 Irma Shaffer
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Investment Insights
Based on property information with market context.
Built in 2007, this first-level condominium offers three bedrooms and two full bathrooms within the gated Tuscana Resort community. The interior connects the living and dining areas in an open arrangement, while the kitchen includes wood cabinetry, granite countertops, and substantial storage. The primary suite features a walk-in closet and private bathroom with a walk-in shower. Two additional bedrooms, a second full bathroom, and storage throughout support flexible residential use. A screened patio faces green space.
Community amenities include a resort-style pool and spa, fitness center, private theater, playground, and on-site dining. The property is near I-4, ChampionsGate shopping and dining, golf courses, and Central Florida attractions. A tenant is in place through February 2027.
Community amenities include a resort-style pool and spa, fitness center, private theater, playground, and on-site dining. The property is near I-4, ChampionsGate shopping and dining, golf courses, and Central Florida attractions. A tenant is in place through February 2027.
Key Highlights
- Three‑bedroom, two‑bath first‑floor condominium
- Tenant occupancy extends through February 2027
- Built in 2007 within gated Tuscana Resort
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,461
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,220
$229.2K
Cap Rate 7%
$163,729
$163.7K
Cap Rate 9%
$127,344
$127.3K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$22.2K $18.36/SF
− Vacancy
−$1.4K −$1.14/SF
EGI
$20.8K $17.22/SF
− OpEx
−$9.4K −$7.75/SF
NOI
$11.5K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,220
Cap Rate 7%
$163,729
Cap Rate 9%
$127,344
Alternative Uses
Best Use
Apartment 5plus
$163.7K
$143.3K – $191.0K
NOI $11,461 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.8K
$254.4K – $339.2K
NOI $20,354 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 33896, FL
19,444
Population
11,929
Households
1.6
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
963
Density / Sq Mi
$74,485
Median Household Income
$39,558
Median Earnings
$1,969
Median Rent
$307,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Occupied three-bedroom residence with resort amenities, screened outdoor space, and a lease extending into 2027.
Where is this residential income property located?
The property is located at 1375 TUSCANA 1108 Davenport, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath first‑floor condominium; Tenant occupancy extends through February 2027; Built in 2007 within gated Tuscana Resort
