Remodeled Half-Duplex
New
For Sale
$291,000
3218 REDDITT RD, Orlando, FL 32822
The residence is offered furnished or unfurnished, with updated kitchen finishes and appliances.
Property Size970 SF
Days on Market6
Property Features for 3218 REDDITT RD
General Information
Standard status
Active
Size
970 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$1,503
Building Details
Building Size
970 SF
Year Built
1981
Listing Agency:
LPT REALTY, LLC
Listed By:
John Garcia Serna · License #3573319
(407) 284-5165
Source:
Novaorlando
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 9:33AM
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 LPT REALTY, LLC
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Investment Insights
Based on property information with market context.
This half-duplex residential income property was built in 1981 and has been remodeled with new countertops, cabinets, and appliances. It is available furnished or unfurnished, giving the next occupant a choice of setup.
The property is described as minutes from MCO, with access to major roads.
The property is described as minutes from MCO, with access to major roads.
Key Highlights
- Half‑duplex residential property
- Remodeled with new countertops, cabinets, and appliances
- Offered furnished or unfurnished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,503
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,060
$250.1K
Cap Rate 7%
$178,614
$178.6K
Cap Rate 9%
$138,922
$138.9K
Market Conditions
NOI Build-Up for 970 SF
Gross rent
$24.4K $25.20/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$22.7K $23.44/SF
− OpEx
−$10.2K −$10.55/SF
NOI
$12.5K $12.89/SF
Area
ZIP 32822
Vacancy
7.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,060
Cap Rate 7%
$178,614
Cap Rate 9%
$138,922
Alternative Uses
Best Use
Apartment 5plus
$178.6K
$156.3K – $208.4K
NOI $12,503 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$291.5K
$255.1K – $340.1K
NOI $20,408 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence is offered furnished or unfurnished, with updated kitchen finishes and appliances.
Where is this residential income property located?
The property is located at 3218 REDDITT RD Orlando, FL.
What is the asking price?
The asking price for this property is $291,000.
What are key features of this property?
This property features: Half‑duplex residential property; Remodeled with new countertops, cabinets, and appliances; Offered furnished or unfurnished
