Downtown Studio with Balcony
860 N ORANGE AVENUE 470 Orlando, FL 32801
For Sale
$175,500
Pending
Top-floor studio with balcony, pool view, and parking.
Property Size481 SF
Lot Size2.01 Acres
Days on Market518
Property Features for 860 N ORANGE AVENUE 470
General Information
- Standard status
- Pending
- Size
- 481 SF
- Lot size
- 2.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2000
Listing Agency:
BRIDGETTE ROSS P A
(772) 532-1012
Listed By:
Ross Applegate · License #3475539
(772) 532-1012
Source:
Exitrealty
Added: Feb 20, 2025
Changed: Jul 6
Last Checked: Jul 23 at 6:48AM
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 BRIDGETTE ROSS P A
Investment Insights
Based on property information with market context.
Located in Park North at Cheney Place, this top-floor studio unit features large, east-facing windows and a private balcony overlooking one of two tropical pools. The unit is equipped with amenities and situated for privacy and enjoying the downtown urban lifestyle. The property offers access to 4th-floor laundry facilities with newer, application-controlled machines, accessible by three elevators. A deeded space is included within the gated parking garage. This professionally managed community is pet-friendly, featuring two dog parks, one for large and one for small pets. Conveniently located near I-4 and the 408 interchange, this unit is positioned as a downtown hub for commuters. Steps from downtown dining, cultural, and sporting events, this condo has served as a steady rental investment. The property size is approximately 481 square feet.
Key Highlights
- Top‑floor unit with private balcony overlooking a tropical pool.
- Deeded parking space in a gated garage.
- Pet‑friendly community with two dog parks (large and small dogs).
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 | $12.1k | $25.20 |
| − Vacancy | −$788 | −$1.64 |
| EGI | $11.3k | $23.56 |
| − OpEx | −$5.1k | −$10.60 |
| NOI | $6.2k | $12.96 |
481 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$89.0K
$77.9K – $103.9K
NOI $6,233 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$154.9K
$135.6K – $180.8K
NOI $10,846 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Omega Auto Transport
Trucking Company
Attorney Karen Wonsetler
Law Firm
Bridgette Ross PA ...
Property Management Company
Park North At Cheney ...
Condominium Complex
East Orlando Firearms
Gun Shop
FAQs
What type of property is this?
Residential income property - Top-floor studio with balcony, pool view, and parking.
Where is this residential income property located?
The property is located at 860 N ORANGE AVENUE 470 Orlando, FL.
What is the asking price?
The asking price for this property is $175,500.
What are key features of this property?
This property features: Top‑floor unit with **private balcony overlooking a tropical pool.**; Deeded parking space in a gated garage.; Pet‑friendly community with two dog parks (large and small dogs).
