Furnished Short-Term Rental
New
For Sale
$98,000
6337 PARC CORNICHE DRIVE #2305, Orlando, FL 32821
The third-floor residence has elevator access and is near the community laundry room.
Property Size550 SF
Price / SF$178.18
Days on Market7
Property Features for 6337 PARC CORNICHE DRIVE #2305
General Information
Standard status
Active
Size
550 SF
Elevators
Yes
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
swimming pool
hot tub
fitness center
playground
on-site restaurant
community laundry room
Building Details
Year Built
1989
Listing Agency:
FORTRESS REAL ESTATE TEAM LLC
(407) 430-2111
Listed By:
Murdock Munroe · License #3503002
(407) 971-9696
Source:
Endlesssummerrealty
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 10:15PM
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 FORTRESS REAL ESTATE TEAM LLC
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Investment Insights
Based on property information with market context.
This remodeled, fully furnished condominium provides 550 square feet of interior space within the Parc Corniche condo-hotel community. Built in 1989, the unit is on the third floor, close to the elevator and community laundry room. Short-term rental use is subject to condominium rules and regulations.
Community amenities include a swimming pool, hot tub, fitness center, playground, and on-site restaurant. The building is across from the pool. Walt Disney World, SeaWorld, Orlando Premium Outlets, shopping, dining, and entertainment are described as minutes away.
Community amenities include a swimming pool, hot tub, fitness center, playground, and on-site restaurant. The building is across from the pool. Walt Disney World, SeaWorld, Orlando Premium Outlets, shopping, dining, and entertainment are described as minutes away.
Key Highlights
- 550‑square‑foot remodeled, fully furnished condominium
- Third‑floor unit near the elevator and community laundry room
- Building faces the community swimming pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,128
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,560
$142.6K
Cap Rate 7%
$101,829
$101.8K
Cap Rate 9%
$79,200
$79.2K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$13.9K $25.20/SF
− Vacancy
−$901 −$1.64/SF
EGI
$13.0K $23.56/SF
− OpEx
−$5.8K −$10.60/SF
NOI
$7.1K $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%
$142,560
Cap Rate 7%
$101,829
Cap Rate 9%
$79,200
Alternative Uses
Best Use
Apartment 5plus
$101.8K
$89.1K – $118.8K
NOI $7,128 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.2K
$155.0K – $206.7K
NOI $12,402 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Business Placement
Demographics for 32821, FL
25,999
Population
15,061
Households
1.7
Avg Household Size
33
Median Age
44%
College-Educated
95%
High-School Grad
16.3 sq mi
ZIP Area
1,595
Density / Sq Mi
$59,927
Median Household Income
$39,230
Median Earnings
$1,782
Median Rent
$300,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The third-floor residence has elevator access and is near the community laundry room.
Where is this short term rental property located?
The property is located at 6337 PARC CORNICHE DRIVE #2305 Orlando, FL.
What is the asking price?
The asking price for this property is $98,000.
What are key features of this property?
This property features: 550‑square‑foot remodeled, fully furnished condominium; Third‑floor unit near the elevator and community laundry room; Building faces the community swimming pool
