Orlando Condo Near International
6337 PARC CORNICHE DRIVE 2202 Orlando, FL 32821
6337 PARC CORNICHE DRIVE 2202, Orlando, FL, 32821
$110,000
For Sale
$110,000
Investment opportunity near attractions with short-term rental options.
Property Size759 SF
Lot Size0.02 Acres
Price / SF$144.93
Days on Market636
Property Features for 6337 PARC CORNICHE DRIVE 2202
General Information
- Standard status
- Active
- Size
- 759 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1989
Listing agency
CREEGAN GROUP
(407) 622-1111
Listed by
Chris Creegan · License #3168853
(407) 622-1111
Source
Exitrealty
Added: Oct 25, 2024 Updated: Jul 10 at 1:04PM Checked: Jul 22 at 5:53AM
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 CREEGAN GROUP
Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom unit at Parc Corniche presents an investment opportunity. The 759 square foot property is located off International Drive, near shopping and restaurants, and is situated minutes from Sea World, 15 minutes from Universal Studios, and less than a half hour from Disney World. The unit features a full kitchen, two full baths, a common area, and a balcony. While the unit requires updating, the layout is suitable for vacationers. Parc Corniche is a gated community with short-term rental management options, a heated pool, hot tub, kiddie pool, fitness center, on-site restaurant, convenience store, shuttle services, and 24-hour front desk services.
Key Highlights
- Prime location off International Drive, close to shopping and restaurants.
- Proximity to major theme parks: Sea World, Universal, and Disney World.
- Short‑term rental management options available within the community.
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 | $19.1k | $25.20 |
| − Vacancy | −$1.2k | −$1.64 |
| EGI | $17.9k | $23.56 |
| − OpEx | −$8.0k | −$10.60 |
| NOI | $9.8k | $12.96 |
759 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$140.5K
$123.0K – $163.9K
NOI $9,836 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$244.5K
$213.9K – $285.3K
NOI $17,115 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Investment opportunity near attractions with short-term rental options.
Where is this short term rental property located?
The property is located at 6337 PARC CORNICHE DRIVE 2202 Orlando, FL.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Prime location off International Drive, close to shopping and restaurants.; Proximity to major theme parks: Sea World, Universal, and Disney World.; Short‑term rental management options available within the community.
