Remodeled Condo in Royal
2035 ROYAL BAY BOULEVARD 45 Kissimmee, FL 34746
For Sale
$242,000
Remodeled 3-bedroom condo with community amenities and convenient location.
Property Size1,350 SF
Lot Size0.11 Acres
Price / SF$179.26
Days on Market540
Property Features for 2035 ROYAL BAY BOULEVARD 45
General Information
Standard status
Active
Size
1,350 SF
Lot size
0.11 Acres
Property subtype
Condo/Townhome
Building Details
Year Built
1993
Listing Agency:
WATSON REALTY CORP.
(407) 749-2662
Listed By:
Clarissa Estevez · License #3245738
(407) 749-2662
Source:
Exitrealty
Added: Feb 4, 2025
Changed: Jul 6
Last Checked: Jul 29 at 6:50AM
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 WATSON REALTY CORP.
Investment Insights
Based on property information with market context.
This remodeled condo features 3 bedrooms and 2 bathrooms within the Royal Palm Bay community in Kissimmee. The master bedroom includes an upgraded en-suite bathroom with a modern shower and a large walk-in closet. Large sliding windows in the master bedroom open to a private porch with views of the conservation area. The home has an open floor plan with natural light. The kitchen is equipped with contemporary finishes. The two additional bedrooms are generously sized. The condo includes a designated parking space. Community amenities include a swimming pool, a park, and tennis and volleyball courts. The property is located minutes away from theme parks, restaurants, shops, and entertainment options, with quick access to main roads. The property contains 1350 square feet.
Key Highlights
- Prime Location: Minutes from major theme parks, restaurants, shops, and entertainment, with quick access to main roads.
- Remodeled and Upgraded: Beautifully remodeled 3‑bedroom, 2‑bath condo with contemporary finishes throughout.
- Master Suite with Private Porch: Spacious master bedroom featuring an upgraded en‑suite bathroom, large walk‑in closet, and a private porch with serene conservation views.
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 | $24.8k | $18.36 |
| − Vacancy | −$1.5k | −$1.14 |
| EGI | $23.2k | $17.22 |
| − OpEx | −$10.5k | −$7.75 |
| NOI | $12.8k | $9.47 |
1,350 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$182.7K
$159.8K – $213.1K
NOI $12,787 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.4K
$283.9K – $378.5K
NOI $22,709 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled 3-bedroom condo with community amenities and convenient location.
Where is this residential income property located?
The property is located at 2035 ROYAL BAY BOULEVARD 45 Kissimmee, FL.
What is the asking price?
The asking price for this property is $242,000.
What are key features of this property?
This property features: Prime Location: Minutes from major theme parks, restaurants, shops, and entertainment, with quick access to main roads.; Remodeled and Upgraded: Beautifully remodeled 3‑bedroom, 2‑bath condo with contemporary finishes throughout.; Master Suite with Private Porch: Spacious master bedroom featuring an upgraded en‑suite bathroom, large walk‑in closet, and a private porch with serene conservation views.
