Well-Maintained Condo with Private
2858 N POWERS DRIVE 123 Orlando, FL 32818
For Sale
$118,000
Comfortable 2-bedroom condo with balcony, convenient location, owner-occupied community.
Property Size832 SF
Lot Size0.09 Acres
Price / SF$141.83
Days on Market555
Property Features for 2858 N POWERS DRIVE 123
General Information
- Standard status
- Active
- Size
- 832 SF
- Lot size
- 0.09 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1979
Listing Agency:
EXP REALTY LLC
(407) 779-2000
Listed By:
Rafael Ceja, Jr · License #3318723
(407) 779-2000
Source:
Exitrealty
Added: Jan 14, 2025
Changed: Jul 10
Last Checked: Jul 23 at 9:18AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This well-maintained condo features 2 bedrooms and 1 bathroom within 832 square feet of living space. Located on the second floor with no neighbors above, it includes an open-concept living and dining area that flows onto a private balcony. The balcony also features a storage closet. The property is situated in a location with access to public transportation and proximity to major routes connecting to Orlando's destinations. The community is exclusively owner-occupied, as leasing is not permitted, ensuring a quiet environment.
Key Highlights
- Prime location with easy access to public transportation and major routes to Orlando's top destinations.
- Owner‑occupied community ensures a quiet and welcoming environment (no leasing permitted).
- Enjoy your private balcony with storage closet.
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 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.0K
$234.5K – $312.7K
NOI $18,761 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Comfortable 2-bedroom condo with balcony, convenient location, owner-occupied community.
Where is this residential income property located?
The property is located at 2858 N POWERS DRIVE 123 Orlando, FL.
What is the asking price?
The asking price for this property is $118,000.
What are key features of this property?
This property features: Prime location with easy access to public transportation and major routes to Orlando's top destinations.; Owner‑occupied community ensures a quiet and welcoming environment (no leasing permitted).; Enjoy your private balcony with storage closet.
