Residential Income Property with Golf
7593 GATHERING DR #802, Reunion, FL 34747
For Sale
$349,900
The one-bedroom corner residence features a renovated bath, refreshed kitchen, porcelain tile living areas, and carpeted bedroom.
Property Size1,128 SF
Price / SF$310.20
Days on Market702
Property Features for 7593 GATHERING DR #802
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
valet parking
concierge
on-site Starbucks
boutique shopping
elevator
pool
fitness center
tennis complex
miniature golf
rooftop restaurant and cocktail lounge
firepit
Building Details
Building Size
Year Built
Listing Agency:
PREMIER SOTHEBYS INT'L REALTY
Listed By:
Janet Allen · License FL #3263505
(407) 581-7888
Source:
Shawsignature
Added: Dec 11, 2024
Changed: Nov 1
Last Checked: Nov 11 at 10:26AM
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 PREMIER SOTHEBYS INT'L REALTY
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Investment Insights
Based on property information with market context.
This 1,128-square-foot, one-bedroom corner residence in Reunion Grande was built in 2007. Interior updates include quartz kitchen countertops, refinished cabinetry, new appliances, matte-finish porcelain tile in the living areas, and carpet in the bedroom. The bath has been renovated, and other improvements include updated lighting, crown molding accent illumination, remote-controlled blinds, and fresh paint. An active Reunion Club membership is in place.
The residence offers views of both the Tom Watson Signature Course and the Arnold Palmer course. Reunion Grande is part of a 2,300-acre gated resort community, six miles from Walt Disney World and 30 minutes from Orlando International Airport. Property amenities and nearby facilities include valet parking, concierge service, dining, a golf clubhouse and restaurant, pools, a fitness center, tennis facilities, and miniature golf.
The residence offers views of both the Tom Watson Signature Course and the Arnold Palmer course. Reunion Grande is part of a 2,300-acre gated resort community, six miles from Walt Disney World and 30 minutes from Orlando International Airport. Property amenities and nearby facilities include valet parking, concierge service, dining, a golf clubhouse and restaurant, pools, a fitness center, tennis facilities, and miniature golf.
Key Highlights
- One‑bedroom corner residence with views of the Tom Watson Signature Course and Arnold Palmer course
- 1,128 square feet; built in 2007
- Updated kitchen with quartz countertops, refinished cabinetry, and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,922
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,440
$278.4K
Cap Rate 7%
$198,886
$198.9K
Cap Rate 9%
$154,689
$154.7K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$27.1K $24.00/SF
− Vacancy
−$1.8K −$1.56/SF
EGI
$25.3K $22.44/SF
− OpEx
−$11.4K −$10.10/SF
NOI
$13.9K $12.34/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,440
Cap Rate 7%
$198,886
Cap Rate 9%
$154,689
Alternative Uses
Best Use
Apartment 5plus
$198.9K
$174.0K – $232.0K
NOI $13,922 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$348.8K
$305.2K – $406.9K
NOI $24,416 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 34747, FL
26,560
Population
22,016
Households
1.2
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
612
Density / Sq Mi
$83,141
Median Household Income
$41,932
Median Earnings
$1,812
Median Rent
$455,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Osceola County, FL
Properties on Market for Residential income properties in Osceola County
Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom corner residence features a renovated bath, refreshed kitchen, porcelain tile living areas, and carpeted bedroom.
Where is this residential income property located?
The property is located at 7593 GATHERING DR #802 Reunion, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: One‑bedroom corner residence with views of the Tom Watson Signature Course and Arnold Palmer course; 1,128 square feet; built in 2007; Updated kitchen with quartz countertops, refinished cabinetry, and new appliances
