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Move-In Ready Condo Near Lakes

4880 S CONWAY ROAD 85 Orlando, FL 32812

4880 S CONWAY ROAD 85, Orlando, FL, 32812
$165,000
For Sale
Claim this Listing
$165,000

Well-maintained two-bedroom condo near recreational activities and amenities.

Property Size870 SF
Price / SF$189.66
AddedMar 17, 2025
Days on Market487
Last RefreshJul 16 at 7:05 am

Property Features for 4880 S CONWAY ROAD 85

General Information

Standard status
Active
Size
870 SF
Property subtype
Condo/Townhome

Building Details

Year Built
1973

Listing office VENTURE HOME REALTY

Listing date Mar 17, 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 VENTURE HOME REALTY


Investment Insights

Based on property information with market context.

This well-maintained, two-bedroom, two-bath condo is move-in ready. Located at Sienna Place, it is near the Belle Isle chain of lakes, offering recreational activities such as jet skiing, boating, and biking. The unit is conveniently located near major highways and toll roads, providing easy access to downtown Orlando and the Orlando International Airport. It is also close to Shenendoah Elementary, Conway Middle, public transportation, grocery shopping, and commercial venues, and is zoned for a high school in Orange County. This first-floor corner unit is located in the back of the community. The condo features a kitchen with wood cabinets, stainless steel appliances, and granite countertops. The guest bathroom has been updated. Both bedrooms are generously sized, with the primary bedroom featuring a walk-in closet and an in-suite bathroom. A laundry area is located within the primary bedroom's closet. Community amenities include an oversized swimming pool, a gym with free weights and machines, and BBQ grill and picnic areas amidst kept grounds. The property size is 870 square feet.

Key Highlights

  • Move‑in ready, well‑maintained 2‑bedroom, 2‑bath condo.
  • Convenient location near major highways, downtown Orlando, and the Orlando International Airport.
  • Enjoy community amenities: oversized pool, well‑equipped gym, and BBQ/picnic 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 $21.9k $25.20
− Vacancy −$1.4k −$1.64
EGI $20.5k $23.56
− OpEx −$9.2k −$10.60
NOI $11.3k $12.96
870 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$161.1K
$140.9K – $187.9K (±1% cap)
NOI $11,274 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.3K
$245.2K – $327.0K (±1% cap)
NOI $19,618 @ 7.0% cap · market cap 11.89%
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

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Food Market Daycare Center Grocery & Convenience Store Restaurant (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

FAQs

What type of property is this?
Residential income property - Well-maintained two-bedroom condo near recreational activities and amenities.
Where is this residential income property located?
The property is located at 4880 S CONWAY ROAD 85 Orlando, FL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Move‑in ready, well‑maintained 2‑bedroom, 2‑bath condo.; Convenient location near major highways, downtown Orlando, and the Orlando International Airport.; Enjoy community amenities: oversized pool, well‑equipped gym, and BBQ/picnic areas.
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