Updated Duplex with Independent
695 & 693 BELFLOWER PLACE Altamonte Springs, FL 32701
For Sale
$528,755
Turn-key duplex with two 2-bedroom, 2-bath units and separate utilities, with major mechanical upgrades completed.
Property Size2,418 SF
Price / SF$218.67
Days on Market14
Property Features for 695 & 693 BELFLOWER PLACE
General Information
- Standard status
- Active
- Size
- 2,418 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1980
Listing Agency:
AXEN REALTY, LLC
(480) 399-1218
Listed By:
Damaris Foon · License #3439117
Source:
Endlesssummerrealty
Added: Jul 10
Changed: Jul 23
Last Checked: Jul 23 at 3:22AM
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 AXEN REALTY, LLC
Investment Insights
Based on property information with market context.
This fully updated duplex offers two independent residential units, each configured as 2-bedroom and 2-bath. Unit 695 Belflower Pl is a two-story townhouse layout with vaulted ceilings and a fireplace, while Unit 693 Belflower Pl is a single-story layout designed for straightforward living. Both units have independent utilities.
The property backs up to Audubon of Florida conservation land and is situated on a quiet cul-de-sac lot. Updates include complete replumbing across both units, with HVAC system replacements and water heater replacements also completed. The home has new appliances included in both units.
Mechanicals are refreshed for long-term ownership comfort, with Unit 695 replumbed in 2020 and serviced with HVAC replacement in 2024 plus a new water heater in 2020, and Unit 693 replumbed in 2014 with HVAC replacement in 2016 plus a new water heater in 2023. The result is a turn-key duplex ready for rental use or owner-occupancy with an additional unit.
The property backs up to Audubon of Florida conservation land and is situated on a quiet cul-de-sac lot. Updates include complete replumbing across both units, with HVAC system replacements and water heater replacements also completed. The home has new appliances included in both units.
Mechanicals are refreshed for long-term ownership comfort, with Unit 695 replumbed in 2020 and serviced with HVAC replacement in 2024 plus a new water heater in 2020, and Unit 693 replumbed in 2014 with HVAC replacement in 2016 plus a new water heater in 2023. The result is a turn-key duplex ready for rental use or owner-occupancy with an additional unit.
Key Highlights
- Turn‑key duplex in an Altamonte Springs cul‑de‑sac with two 2‑bedroom, 2‑bath units and ~2,418 total SF
- Unit 695 Belflower Pl: 2‑story layout with ~1,235 SF, vaulted ceilings, and a cozy fireplace
- Unit 693 Belflower Pl: single‑story layout with ~1,183 SF for easy, accessible living
Financial Insights For Multifamily LT 5
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 | $49.3k | $20.40 |
| − Vacancy | −$3.3k | −$1.35 |
| EGI | $46.1k | $19.05 |
| − OpEx | −$13.8k | −$5.72 |
| NOI | $32.3k | $13.34 |
2,418 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$460.7K
$403.1K – $537.5K
NOI $32,250 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$424.2K
$371.2K – $494.9K
NOI $29,694 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$688.1K
$602.1K – $802.8K
NOI $48,167 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turn-key duplex with two 2-bedroom, 2-bath units and separate utilities, with major mechanical upgrades completed.
Where is this duplex located?
The property is located at 695 & 693 BELFLOWER PLACE Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $528,755.
What are key features of this property?
This property features: Turn‑key duplex in an Altamonte Springs cul‑de‑sac with two 2‑bedroom, 2‑bath units and ~2,418 total SF; Unit 695 Belflower Pl: 2‑story layout with ~1,235 SF, vaulted ceilings, and a cozy fireplace; Unit 693 Belflower Pl: single‑story layout with ~1,183 SF for easy, accessible living
