Renovated Two-Unit
1921 BONNEVILLE DRIVE Orlando, FL 32826
For Sale
$485,000
Turnkey duplex with two renovated 2-bedroom, 1-bath units, each with a covered carport and private entrance.
Property Size1,792 SF
Price / SF$270.65
Days on Market9
Property Features for 1921 BONNEVILLE DRIVE
General Information
- Standard status
- Active
- Size
- 1,792 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1981
Listing Agency:
KELLER WILLIAMS ADVANTAGE REALTY
(407) 977-7600
Listed By:
Ron Verzaro, II · License #3294721
Source:
Dennisrealty
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 25 at 4:42AM
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 REALTY
Investment Insights
Based on property information with market context.
This fully renovated duplex offers two spacious 2-bedroom, 1-bath units. Each unit includes its own covered carport and private entrance, along with separate water and electric meters and a large fenced backyard shared by the property. Interior and exterior updates include fresh paint, new electrical panels, renovated bathrooms with cultured marble shower surrounds, and refurbished kitchen cabinetry with new quartz countertops. Both units have durable tile flooring for straightforward maintenance.
Unit 1921 includes additional capital improvements, including a new HVAC system, new water heater, and new kitchen appliances. The property also features a newer roof.
Overall, the layout and separate metering support independent unit operations, while the renovated interiors and updated major components are intended to reduce near-term maintenance needs.
Unit 1921 includes additional capital improvements, including a new HVAC system, new water heater, and new kitchen appliances. The property also features a newer roof.
Overall, the layout and separate metering support independent unit operations, while the renovated interiors and updated major components are intended to reduce near-term maintenance needs.
Key Highlights
- Fully renovated duplex built in 1981 with two 2‑bedroom, 1‑bath units
- Each unit has a private entrance, covered carport, and separate water and electric meters
- Nearly every major component updated, including fresh interior and exterior paint for both units
Financial Insights For Multifamily LT 5
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 | $38.7k | $21.60 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $36.3k | $20.27 |
| − OpEx | −$10.9k | −$6.08 |
| NOI | $25.4k | $14.19 |
1,792 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,409 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with two renovated 2-bedroom, 1-bath units, each with a covered carport and private entrance.
Where is this duplex located?
The property is located at 1921 BONNEVILLE DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1981 with two 2‑bedroom, 1‑bath units; Each unit has a private entrance, covered carport, and separate water and electric meters; Nearly every major component updated, including fresh interior and exterior paint for both units
