Spacious Apartment in Gated
6408 RALEIGH STREET 2402 Orlando, FL 32835
For Sale
$188,500
Pending
Ground-floor apartment with modern amenities, ideal for homeowners or investors.
Property Size1,051 SF
Lot Size0.11 Acres
Days on Market527
Property Features for 6408 RALEIGH STREET 2402
General Information
- Standard status
- Pending
- Size
- 1,051 SF
- Lot size
- 0.11 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1997
Listing Agency:
ONE REAL ESTATE WORLD
(407) 616-9636
Listed By:
Carlos Aznar · License #3098487
(407) 616-9636
Source:
Exitrealty
Added: Feb 11, 2025
Changed: Jul 10
Last Checked: Jul 23 at 6:52AM
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 ONE REAL ESTATE WORLD
Investment Insights
Based on property information with market context.
This spacious ground-floor apartment is located in the gated Mediterranean community of Azur at Metrowest. Featuring a split floor plan with two private bedroom suites, the residence is suitable for first-time homebuyers or as a ready-to-rent investment property. The interior includes neutral color paint and modern ceramic tile flooring throughout. The open kitchen is designed for entertaining. Residents can enjoy resort-style amenities, including a pool, an indoor fitness center, picnic areas, and barbecue grills. The Azur at Metrowest community provides controlled access for added security. The property is situated near attractions such as Metrowest Golf Club, The Mall at Millenia, and International Drive, with convenient access to major highways including 408, I-4, Downtown Orlando, and Florida’s Turnpike. Orlando International Airport is also nearby.
Key Highlights
- Ground‑floor apartment in a gated community.
- Split floor plan with two private bedroom suites.
- Resort‑style amenities: pool, fitness center, picnic areas, and barbecue grills.
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 | $26.5k | $25.20 |
| − Vacancy | −$1.7k | −$1.64 |
| EGI | $24.8k | $23.56 |
| − OpEx | −$11.1k | −$10.60 |
| NOI | $13.6k | $12.96 |
1,051 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$194.6K
$170.3K – $227.0K
NOI $13,620 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.6K
$296.2K – $395.0K
NOI $23,699 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Russian Speaking Realtor, ...
Real Estate Agency
jjcocinero
Training Center
FAQs
What type of property is this?
Residential income property - Ground-floor apartment with modern amenities, ideal for homeowners or investors.
Where is this residential income property located?
The property is located at 6408 RALEIGH STREET 2402 Orlando, FL.
What is the asking price?
The asking price for this property is $188,500.
What are key features of this property?
This property features: Ground‑floor apartment in a gated community.; Split floor plan with **two private bedroom suites**.; Resort‑style amenities: **pool, fitness center, picnic areas, and barbecue grills**.
