Lake Eola View
530 E CENTRAL BOULEVARD 1002 Orlando, FL 32801
For Sale
$255,000
Spacious 2BR/2BA condo with Lake Eola views and amenities.
Property Size1,304 SF
Lot Size0.31 Acres
Price / SF$195.55
Days on Market1033
Property Features for 530 E CENTRAL BOULEVARD 1002
General Information
- Standard status
- Active
- Size
- 1,304 SF
- Lot size
- 0.31 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1985
Listing Agency:
EATON REALTY SERVICES
(800) 630-1990
Listed By:
Arlene Cowan · License #3190352
(800) 630-1990
Source:
Exitrealty
Added: Sep 25, 2023
Changed: Jul 6
Last Checked: Jul 23 at 8:40AM
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 EATON REALTY SERVICES
Investment Insights
Based on property information with market context.
This spacious 1,304 square foot condo features 2 bedrooms and 2 bathrooms, offering views of Lake Eola and downtown sunsets. The open floor plan includes split bedrooms for privacy, a large kitchen with a Bosch dishwasher, upgraded wood cabinets, granite countertops, and stainless steel appliances. Flooring consists of ceramic and wood, with carpet in the guest bedroom/office. Both bathrooms have been newly renovated, with the guest bathroom featuring a new soaking tub, fixtures, mirror, and light fixtures. The living and dining room have newly installed sliding doors leading to a large balcony suitable for entertaining and viewing events at Lake Eola. The master bedroom includes newly installed sliders that lead to the balcony overlooking Lake Eola and the downtown Orlando skyline. The unit includes two deeded parking spaces on the first floor, along with a storage unit. One parking space can be rented or sold by the buyer. Building amenities include a heated pool, spa, sauna, fitness center, media room with TV and billiards table, and a large clubroom for events. The monthly condo fee covers building insurance, cable TV, water, garbage, sewer, escrow reserves, and exterior maintenance, with a 24-hour concierge and daily front desk personnel. The property is within walking distance of restaurants, shopping, and entertainment.
Key Highlights
- Directly across from Lake Eola Park with stunning views of Lake Eola and the Downtown Orlando skyline.
- Two deeded parking spaces on the 1st floor, one rentable or sellable, plus a storage unit.
- Enjoy entertaining and Lake Eola events on the large balcony accessible from both the living room and master bedroom.
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 | $32.9k | $25.20 |
| − Vacancy | −$2.1k | −$1.64 |
| EGI | $30.7k | $23.56 |
| − OpEx | −$13.8k | −$10.60 |
| NOI | $16.9k | $12.96 |
1,304 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$241.4K
$211.2K – $281.7K
NOI $16,899 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.1K
$367.6K – $490.1K
NOI $29,404 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Top 35 Restaurants
Marketing & Advertising
S-Health Women's and Men's ...
Medical Clinic
Cheetah Marketing Group
Advertising Agency
Quinntessentials
Business Management Consultant
Brick Pavers Of Orlando ...
General Contractor
FAQs
What type of property is this?
Residential income property - Spacious 2BR/2BA condo with Lake Eola views and amenities.
Where is this residential income property located?
The property is located at 530 E CENTRAL BOULEVARD 1002 Orlando, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Directly across from Lake Eola Park with stunning views of Lake Eola and the Downtown Orlando skyline.; Two deeded parking spaces on the 1st floor, one rentable or sellable, plus a storage unit.; Enjoy entertaining and Lake Eola events on the large balcony accessible from both the living room and master bedroom.
