Furnished 2-Bedroom Condo-Hotel
For Sale
$196,000
7601 CANADA AVE #630, Orlando, FL 32819
Turn-key furnished unit with short-term rental permission, equipped kitchen, separate living area, and resort-oriented amenities.
Property Size795 SF
Days on Market11
Property Features for 7601 CANADA AVE #630
General Information
Standard status
Active
Size
795 SF
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,293
Amenities
Outdoor Pool with Jacuzzi
Sports Court
Barbecue Grills and Picnic Area
Exercise Room
Sundry Shop
Video Arcade
Theme Park Shuttles
Free Local Calls
Business Center
On-site Laundry Services
Building Details
Building Size
795 SF
Year Built
1999
Listing Agency:
ELITE REALTY ENTERPRISES LLC
(407) 683-4515
Listed By:
Ernesto Cisneros · License #577984
Source:
Corcoranpremier
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 3:31PM
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 ELITE REALTY ENTERPRISES LLC
Investment Insights
Based on property information with market context.
This furnished condo-hotel unit includes two bedrooms, two bathrooms, a separate living room with sleeper sofa, and an equipped kitchen with appliances, cookware, and utensils. The furniture package, televisions, dual-line telephones, and high-speed internet support immediate use. The layout can be operated as one two-bedroom unit or as two separate one-bedroom units. Owners may self-manage, participate in the hotel management program, or select another management company.
On-site amenities include an outdoor pool with jacuzzi, sports court, barbecue grills, picnic area, exercise room, sundry shop, video arcade, business center, and laundry services. Theme park shuttles and free local calls are also available. The property is located on International Drive near the ICON Orlando Giant Observation Wheel, Madame Tussauds Wax Museum, and Sea Life Aquarium, with restaurants, shopping, and entertainment nearby. Universal Studios, the convention center, premium outlets, The Mall at Millenia, Disney Parks, and Orlando International Airport are within a short drive.
On-site amenities include an outdoor pool with jacuzzi, sports court, barbecue grills, picnic area, exercise room, sundry shop, video arcade, business center, and laundry services. Theme park shuttles and free local calls are also available. The property is located on International Drive near the ICON Orlando Giant Observation Wheel, Madame Tussauds Wax Museum, and Sea Life Aquarium, with restaurants, shopping, and entertainment nearby. Universal Studios, the convention center, premium outlets, The Mall at Millenia, Disney Parks, and Orlando International Airport are within a short drive.
Key Highlights
- Two‑bedroom, two‑bathroom condo‑hotel unit
- Fully furnished with upgraded furniture package
- Short‑term rentals permitted with flexible management options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,040
$206.0K
Cap Rate 7%
$147,171
$147.2K
Cap Rate 9%
$114,467
$114.5K
Market Conditions
NOI Build-Up for 795 SF
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.
Gross rent
$20.0K $25.20/SF
− Vacancy
−$1.3K −$1.64/SF
EGI
$18.7K $23.56/SF
− OpEx
−$8.4K −$10.60/SF
NOI
$10.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,040
Cap Rate 7%
$147,171
Cap Rate 9%
$114,467
Alternative Uses
Best Use
Apartment 5plus
$147.2K
$128.8K – $171.7K
NOI $10,302 @ 7.0% cap · market cap 5.26%
Second Best
Hotel Hospitality
$53.4K
$46.7K – $62.3K
NOI $3,738 @ 7.0% cap · market cap 1.91%
Theoretical Best
Office A
$256.1K
$224.1K – $298.8K
NOI $17,927 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Turn-key furnished unit with short-term rental permission, equipped kitchen, separate living area, and resort-oriented amenities.
Where is this short term rental property located?
The property is located at 7601 CANADA AVE #630 Orlando, FL.
What is the asking price?
The asking price for this property is $196,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo‑hotel unit; Fully furnished with upgraded furniture package; Short‑term rentals permitted with flexible management options
