Renovated Condo in Gated
2850 N POWERS DRIVE 9 Orlando, FL 32818
For Sale
$130,000
Recently renovated 2-bedroom condo in a gated, owner-occupied community.
Property Size832 SF
Lot Size0.16 Acres
Price / SF$156.25
Days on Market595
Property Features for 2850 N POWERS DRIVE 9
General Information
- Standard status
- Active
- Size
- 832 SF
- Lot size
- 0.16 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1979
Listing Agency:
COLDWELL BANKER REALTY
(407) 535-2069
Listed By:
Jean Miller · License #3411165
(407) 535-2069
Source:
Exitrealty
Added: Dec 5, 2024
Changed: Jul 10
Last Checked: Jul 23 at 9:06AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located in a gated, owner-only community, this renovated 2-bedroom condo offers convenient access to public transportation, shopping, and restaurants. The property features new kitchen appliances and tile flooring. A laundry room is located just steps away from the front door. The rear screened porch overlooks landscaping. Community amenities include a pool, clubhouse, BBQ area, tennis court, and shuffleboard. The property size is 832 square feet.
Key Highlights
- Gated, owner‑occupied community (no rentals allowed).
- Seller offers $2,000 towards closing costs with a full‑price offer.
- Newly renovated 2‑bedroom condo.
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 | $21.0k | $25.20 |
| − Vacancy | −$1.4k | −$1.64 |
| EGI | $19.6k | $23.56 |
| − OpEx | −$8.8k | −$10.60 |
| NOI | $10.8k | $12.96 |
832 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$154.0K
$134.8K – $179.7K
NOI $10,782 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.0K
$234.5K – $312.7K
NOI $18,761 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
RWD Industries
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Residential income property - Recently renovated 2-bedroom condo in a gated, owner-occupied community.
Where is this residential income property located?
The property is located at 2850 N POWERS DRIVE 9 Orlando, FL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Gated, owner‑occupied community (no rentals allowed).; Seller offers $2,000 towards closing costs with a full‑price offer.; **Newly renovated 2‑bedroom condo.**
