Altamonte Springs Condo with
940 DOUGLAS AVENUE 217 Altamonte Springs, FL 32714
For Sale
$249,900
One-story condo near Altamonte Mall with community amenities.
Property Size1,146 SF
Lot Size0.02 Acres
Price / SF$218.06
Days on Market578
Property Features for 940 DOUGLAS AVENUE 217
General Information
- Standard status
- Active
- Size
- 1,146 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1982
Listing Agency:
CITARELLI REALTY GROUP LLC
(302) 841-8999
Listed By:
Benjamin Crane · License #3604933
(302) 841-8999
Source:
Exitrealty
Added: Dec 25, 2024
Changed: Jul 6
Last Checked: Jul 25 at 7:14AM
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 CITARELLI REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This one-story condo is located in the Village Townhomes community, near Altamonte Mall, Crane’s Roost Park, and the AMC movie theater, with easy access to I-4’s Express Lane. The property features two bedrooms and two baths. Interior features include a fireplace, high ceilings, and stainless steel appliances. A screened-in patio backs up to no rear neighbors. Village Townhomes offers a fitness room, clubhouse, tennis courts, a resort-style pool and hot tub, a deck overlooking a fountain pond, and a scenic fitness trail. The property is also a short walk to the Seminole County Softball Complex. The unit size is 1146 square feet.
Key Highlights
- Prime Location: Central to established communities, close to Altamonte Mall, Crane's Roost Park, AMC movie theater, and Seminole County Softball Complex.
- Easy Commute: Extremely easy access to I‑4's Express Lane for quick access to downtown Orlando.
- One‑Story Condo: Features two bedrooms and two baths in a single‑story layout.
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 | $27.4k | $23.88 |
| − Vacancy | −$1.8k | −$1.55 |
| EGI | $25.6k | $22.33 |
| − OpEx | −$11.5k | −$10.05 |
| NOI | $14.1k | $12.28 |
1,146 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$201.0K
$175.9K – $234.6K
NOI $14,073 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.1K
$285.4K – $380.5K
NOI $22,828 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ed Young For Soil ...
County Government Office
FAQs
What type of property is this?
Residential income property - One-story condo near Altamonte Mall with community amenities.
Where is this residential income property located?
The property is located at 940 DOUGLAS AVENUE 217 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Prime Location: Central to established communities, close to Altamonte Mall, Crane's Roost Park, AMC movie theater, and Seminole County Softball Complex.; Easy Commute: Extremely easy access to I‑4's Express Lane for quick access to downtown Orlando.; One‑Story Condo: Features two bedrooms and two baths in a single‑story layout.
