First-Floor Condo in Gated
820 CAMARGO WAY 108 Altamonte Springs, FL 32714
For Sale
$198,000
Charming 2-bedroom condo with community amenities near Altamonte Mall.
Property Size890 SF
Lot Size0.01 Acres
Price / SF$222.47
Days on Market586
Property Features for 820 CAMARGO WAY 108
General Information
- Standard status
- Active
- Size
- 890 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1997
Listing Agency:
EXP REALTY LLC
(407) 520-0159
Listed By:
Jessica Delgado · License #3514834
(407) 520-0159
Source:
Exitrealty
Added: Dec 17, 2024
Changed: Jul 6
Last Checked: Jul 25 at 5:55AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This first-floor condo features 2 bedrooms and 2 bathrooms. The unit offers 890 square feet of living space with tile flooring. The property is located within a gated community that provides access to a playground, pool, sports courts, and a gym. The location is near Altamonte Mall, AMC theaters, shopping, and dining options.
Key Highlights
- Prime location: Minutes from Altamonte Mall, AMC theaters, shopping, and dining.
- Enjoy the gated community with amenities including a pool, sports courts, playground, and gym.
- Spacious 2‑bedroom, 2‑bathroom first‑floor condo.
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 | $21.3k | $23.88 |
| − Vacancy | −$1.4k | −$1.55 |
| EGI | $19.9k | $22.33 |
| − OpEx | −$8.9k | −$10.05 |
| NOI | $10.9k | $12.28 |
890 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$156.1K
$136.6K – $182.2K
NOI $10,929 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.3K
$221.6K – $295.5K
NOI $17,729 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Aqua Sana
General Contractor
Carl Mataushek Realtor
Real Estate Agency
FAQs
What type of property is this?
Residential income property - Charming 2-bedroom condo with community amenities near Altamonte Mall.
Where is this residential income property located?
The property is located at 820 CAMARGO WAY 108 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Prime location: Minutes from Altamonte Mall, AMC theaters, shopping, and dining.; Enjoy the gated community with amenities including a pool, sports courts, playground, and gym.; Spacious 2‑bedroom, 2‑bathroom first‑floor condo.
