Updated Half Duplex
2827 CORAL REEF DRIVE Orlando, FL 32826
2827 CORAL REEF DRIVE, Orlando, FL, 32826
$245,000
Pending
For Sale
$245,000
Pending
Traditional, Half Duplex - ORLANDO, FL
Property Size837 SF
Lot Size0.14 Acres
Days on Market91
Property Features for 2827 CORAL REEF DRIVE
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R-2
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Kitchen, Living Room
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets, Stone Counters
- Exterior features
- Paved, Fencing, Sliding Doors
- Fencing
- Fenced
- Appliances
- Dishwasher, Microwave, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- 15-22-31-8810-00-330
- Size
- 837 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2127.68
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- New Traditional
Listing Agency
KELLER WILLIAMS ADVANTAGE III
(407) 207-0825
9161 Narcoossee Rd #107, Orlando, FL
Listed by
Christopher Baker · License #3105599
(407) 864-2454
Added: Apr 19 Checked: Jul 18 at 10:06 pm
MLS# O6400580
Listing URL
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 updated half duplex features an open floor plan with tile floors throughout. The remodeled kitchen includes granite countertops, chocolate cabinets, and a full complement of stainless steel appliances. Updated fixtures and ceiling fans are included, and the home opens to an outdoor area with a fully fenced backyard.
Recent improvements are listed as a new roof in 2023, A/C in 2022, replumbing in 2022, and a new water heater in 2022. The property is described as being in East Orlando near UCF, with quick access to SR 417, SR 408, and SR 528, and is within minutes of Lockheed Martin, Siemens, Central Florida Research Park, and Waterford Lakes Town Center.
The listing also notes a 3.625% assumable FHA mortgage option.
Recent improvements are listed as a new roof in 2023, A/C in 2022, replumbing in 2022, and a new water heater in 2022. The property is described as being in East Orlando near UCF, with quick access to SR 417, SR 408, and SR 528, and is within minutes of Lockheed Martin, Siemens, Central Florida Research Park, and Waterford Lakes Town Center.
The listing also notes a 3.625% assumable FHA mortgage option.
Key Highlights
- Half duplex built in 1982 with 2 bedrooms, 2 bathrooms, living room, and kitchen
- Remodeled kitchen (2020) with solid wood cabinets, solid surface/stone counters, and stainless‑steel appliance package
- Central heating and central air conditioning
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 | $21.1k | $25.20 |
| − Vacancy | −$1.4k | −$1.64 |
| EGI | $19.7k | $23.56 |
| − OpEx | −$8.9k | −$10.60 |
| NOI | $10.8k | $12.96 |
837 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$155.0K
$135.6K – $180.8K
NOI $10,847 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.6K
$235.9K – $314.6K
NOI $18,874 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Move-in-ready half duplex with remodeled kitchen, tile floors, fenced backyard, and recent roof, A/C, plumbing, and water heater updates.
Where is this single family property located?
The property is located at 2827 CORAL REEF DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Half duplex built in 1982 with 2 bedrooms, 2 bathrooms, living room, and kitchen; Remodeled kitchen (2020) with solid wood cabinets, solid surface/stone counters, and stainless‑steel appliance package; Central heating and central air conditioning
