Updated
For Sale
$299,900
583 BABLONICA DR, Orlando, FL 32807
A two-bedroom, two-bath layout includes a detached bonus building and covered outdoor area.
Property Size959 SF
Price / SF$312.72
Days on Market11
Property Features for 583 BABLONICA DR
General Information
Standard status
Active
Size
959 SF
Total Parking Spaces
1
Property subtype
Half Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$935
Building Details
Building Size
959 SF
Year Built
1985
Buildings
2
Listing Agency:
LEERDAM PROPERTIES INC.
Listed By:
Philip Shaw · License #3262913
(407) 312-7366
Source:
Novaorlando
Added: Oct 8
Changed: Oct 18
Last Checked: Oct 16 at 4:18PM
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 LEERDAM PROPERTIES INC.
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Investment Insights
Based on property information with market context.
This 959-square-foot half-duplex, built in 1985, has two bedrooms and two bathrooms. The interior features vaulted ceilings, an open living area, and a remodeled kitchen with white shaker cabinetry, quartz counters, stainless steel appliances, and a peninsula. Recent work includes new luxury vinyl plank flooring, fresh paint, replacement baseboards, and updated fixtures and hardware. Both bathrooms have also been refreshed.
Sliding doors connect the living area to a backyard with covered outdoor space. A separate bonus building includes a large covered area, while an attached one-car garage adds storage. The HVAC system is approximately seven years old, and the roof is approximately ten years old.
The property is in the Willowbrook Cove/Azalea Park area, with access to Colonial Drive, Semoran Boulevard, and SR-408. Downtown Orlando and Orlando International Airport are among the destinations accessible from this location.
Sliding doors connect the living area to a backyard with covered outdoor space. A separate bonus building includes a large covered area, while an attached one-car garage adds storage. The HVAC system is approximately seven years old, and the roof is approximately ten years old.
The property is in the Willowbrook Cove/Azalea Park area, with access to Colonial Drive, Semoran Boulevard, and SR-408. Downtown Orlando and Orlando International Airport are among the destinations accessible from this location.
Key Highlights
- 959 square feet with 2 bedrooms and 2 bathrooms
- Detached bonus building with a large covered area
- Attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,428
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,560
$248.6K
Cap Rate 7%
$177,543
$177.5K
Cap Rate 9%
$138,089
$138.1K
Market Conditions
NOI Build-Up for 959 SF
Gross rent
$24.2K $25.20/SF
− Vacancy
−$1.6K −$1.64/SF
EGI
$22.6K $23.56/SF
− OpEx
−$10.2K −$10.60/SF
NOI
$12.4K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,560
Cap Rate 7%
$177,543
Cap Rate 9%
$138,089
Alternative Uses
Best Use
Apartment 5plus
$177.5K
$155.4K – $207.1K
NOI $12,428 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.9K
$270.3K – $360.4K
NOI $21,625 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath layout includes a detached bonus building and covered outdoor area.
Where is this residential income property located?
The property is located at 583 BABLONICA DR Orlando, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 959 square feet with 2 bedrooms and 2 bathrooms; Detached bonus building with a large covered area; Attached one‑car garage
