Updated Residential Income
For Sale
$255,000
2448 SUMMERFIELD WAY, Kissimmee, FL 34741
Turnkey condo near Central Florida attractions, major highways, dining, shopping, and Orlando International Airport.
Property Size1,265 SF
Price / SF$201.58
Days on Market74
Property Features for 2448 SUMMERFIELD WAY
General Information
Standard status
Active
Size
1,265 SF
Property subtype
Condo - Hotel
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Building Details
Year Built
1988
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
(305) 809-8085
Listed By:
Joshua Torres · License #3457718
(407) 614-8336
Source:
Endlesssummerrealty
Added: Aug 8
Changed: Oct 19
Last Checked: Oct 19 at 11:10AM
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 LIFESTYLE INTERNATIONAL REALTY
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Investment Insights
Based on property information with market context.
This updated condominium includes two bedrooms and two bathrooms within a residential income property in Kissimmee. The interior is described as move-in ready, with updates completed throughout the home. Built in 1988, the property offers a residential format suitable for personal occupancy or portfolio consideration.
The home is positioned for access to Central Florida destinations and transportation routes. Walt Disney World, Universal Studios, SeaWorld, Orlando International Airport, The Loop Mall, dining, and shopping are all identified as nearby destinations. Walk Score is 40, Bike Score is 51, and Transit Score is 33, reflecting a car-dependent setting with some transit and bike access.
The home is positioned for access to Central Florida destinations and transportation routes. Walt Disney World, Universal Studios, SeaWorld, Orlando International Airport, The Loop Mall, dining, and shopping are all identified as nearby destinations. Walk Score is 40, Bike Score is 51, and Transit Score is 33, reflecting a car-dependent setting with some transit and bike access.
Key Highlights
- Two‑bedroom, two‑bathroom condominium
- Updated interior described as move‑in ready
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,535
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,700
$310.7K
Cap Rate 7%
$221,929
$221.9K
Cap Rate 9%
$172,611
$172.6K
Market Conditions
NOI Build-Up for 1,265 SF
Gross rent
$30.2K $23.88/SF
− Vacancy
−$2.0K −$1.55/SF
EGI
$28.2K $22.33/SF
− OpEx
−$12.7K −$10.05/SF
NOI
$15.5K $12.28/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,700
Cap Rate 7%
$221,929
Cap Rate 9%
$172,611
Alternative Uses
Best Use
Apartment 5plus
$221.9K
$194.2K – $258.9K
NOI $15,535 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$391.2K
$342.3K – $456.4K
NOI $27,381 @ 7.0% cap · market cap 10.74%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Turnkey condo near Central Florida attractions, major highways, dining, shopping, and Orlando International Airport.
Where is this residential income property located?
The property is located at 2448 SUMMERFIELD WAY Kissimmee, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium; Updated interior described as move‑in ready; Built in 1988
