Remodeled
For Sale
$248,000
6950 EDGEFIELD LANE, Orlando, FL 32822
Updated finishes and appliances serve this two-unit residential property in an R-2 zoning district.
Property Size998 SF
Price / SF$248.50
Days on Market61
Property Features for 6950 EDGEFIELD LANE
General Information
Standard status
Active
Size
998 SF
Property subtype
Duplex
Zoning
R-2
Site & Location
Neighborhood
Starlight Ranch Mobile Homeowners Association, Inc. (Mhp)
Taxes and HOA fees
Annual Taxes
$2,490
Amenities
Kitchen/Family Room Combo
Building Details
Building Size
998 SF
Year Built
1981
Stories
1
Listing Agency:
FRONTLINE FLORIDA REALTY, INC.
Listed By:
Alan Martin · License #678965
(407) 832-4888
Source:
Frontlinefloridarealty
Added: Aug 27
Changed: Oct 23
Last Checked: Oct 23 at 5:53PM
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 FRONTLINE FLORIDA REALTY, INC.
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Investment Insights
Based on property information with market context.
This duplex, built in 1981, has undergone remodeling that includes new flooring, cabinets, appliances, a bathtub, and tile. The improvements provide refreshed interior finishes across the residential property.
Zoned R-2, the property is located at 6950 Edgefield Lane in Orlando, Florida 32822.
Zoned R-2, the property is located at 6950 Edgefield Lane in Orlando, Florida 32822.
Key Highlights
- Remodeling includes new floors, cabinets, appliances, bathtub, and tile
- 998‑square‑foot duplex built in 1981
- R‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,109
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,180
$282.2K
Cap Rate 7%
$201,557
$201.6K
Cap Rate 9%
$156,767
$156.8K
Market Conditions
NOI Build-Up for 998 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$20.2K $20.20/SF
− OpEx
−$6.0K −$6.06/SF
NOI
$14.1K $14.14/SF
Area
ZIP 32822
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,180
Cap Rate 7%
$201,557
Cap Rate 9%
$156,767
Alternative Uses
Best Use
Multifamily LT 5
$201.6K
$176.4K – $235.2K
NOI $14,109 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,864 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$300.0K
$262.5K – $350.0K
NOI $20,997 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated finishes and appliances serve this two-unit residential property in an R-2 zoning district.
Where is this duplex located?
The property is located at 6950 EDGEFIELD LANE Orlando, FL.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Remodeling includes new floors, cabinets, appliances, bathtub, and tile; 998‑square‑foot duplex built in 1981; R‑2 zoning
