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    Altamonte Springs Condo with Amenities Title is generated by Realmo AI

    406 OAK HAVEN DRIVE 406, Altamonte Springs, FL 32701

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    For Sale
    $269,900

    Two-story condo in a gated community with pool and clubhouse.

    Type:Condo/Townhome
    Property size:
    1,398 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $193/SF
    Added:
    Feb 22, 2025
    Days on Market:
    491
    Last Refresh:
    May 19 at 11:16 pm

    Property Features for 406 OAK HAVEN DRIVE 406

    General Information

    Standard status
    Active
    Size
    1,398 SF
    Lot size
    0.04 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1974

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    Jason Price

    Listing office ROBERT SLACK LLC

    Listing date Feb 22, 2025

    Source Exitrealty

    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 ROBERT SLACK LLC

    HighLights

    • Gated community in desirable Altamonte Springs.
    • Access to community amenities: pool, tennis courts, clubhouse, and fitness center.
    • Spacious 3‑bedroom, 2‑bath two‑story condo.
    • Open floor plan with modern kitchen and ample cabinetry.
    • Located in Seminole County, known for top‑rated schools.
    • Convenient access to shopping, restaurants, and major highways.

    Overview

    Located in a gated community in Altamonte Springs, this two-story condo offers 3 bedrooms and 2 bathrooms within 1398 square feet of living space. The property features an open floor plan with a living room and a modern kitchen that includes ample cabinetry, counter space, and a dining area. The primary suite includes an en-suite bathroom. Community amenities include a pool, tennis courts, a clubhouse, and a fitness center. The property is situated in Seminole County, near shopping centers, restaurants, and entertainment options, with access to major highways for commuting to Orlando and other areas.

    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 $33.4k $23.88
    − Vacancy −$2.2k −$1.55
    EGI $31.2k $22.33
    − OpEx −$14.0k −$10.05
    NOI $17.2k $12.28
    1,398 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $245.3K
    $214.6K – $286.1K (±1% cap)
    NOI $17,168 @ 7.0% cap · market cap 6.36%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $397.8K
    $348.1K – $464.1K (±1% cap)
    NOI $27,848 @ 7.0% cap · market cap 10.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3736506
    Latitude
    28.6531011

    FAQs

    What type of property is this?
    Residential income property - Two-story condo in a gated community with pool and clubhouse.
    Where is this residential income property located?
    The property is located at 406 OAK HAVEN DRIVE 406 Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Gated community in desirable Altamonte Springs.; Access to community amenities: pool, tennis courts, clubhouse, and fitness center.; Spacious 3‑bedroom, 2‑bath two‑story condo.
    More about this property
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