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Map
1975 ERVING CIRCLE #102
About This Property
The thoughtfully designed split floor plan is ideal for roommates or anyone who appreciates additional privacy, with the bedrooms located on opposite sides of the home. Both bedrooms feature exceptionally large walk in closets, providing an abundance of storage space. The home also features a fantastic screened lanai overlooking a beautiful landscaped garden, creating a peaceful place to relax and enjoy the Florida lifestyle.
The home's ground floor location is one of its greatest advantages. Fully ADA accessible, it features a wheelchair friendly layout with a walk in shower and easy accessibility throughout the entire home. Whether you are looking for a home without stairs, need accessibility features, or simply appreciate the convenience of first floor living, this property checks all the boxes.
Investors will also appreciate the excellent rental potential, with comparable properties averaging approximately $1,650 to $1,750 per month. The desirable ground floor location provides an added advantage when attracting future tenants.
Convenience continues outside your front door, as this building is one of the closest in the community to the clubhouse, resort style pool, and fitness center. The home also includes a private exterior storage closet conveniently located in the neighboring building and labeled Storage Unit #12.
The location is exceptional. Less than one quarter mile from shopping, grocery stores, restaurants, entertainment, Colonial Drive, and West Oaks Mall, you will enjoy having virtually everything you need just moments away. Orlando Health Hospital is approximately one half mile away, while State Road 408 is less than one mile from the community, providing quick access throughout the Orlando area.
Additional value comes with a 2018 HVAC system, offering peace of mind for years to come.
Whether you are searching for an affordable primary residence, an accessible home, or a smart investment with strong upside potential, this Bordeaux condominium offers outstanding value in one of the area's most convenient locations.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/01/2024
|
2 Bed
|
2 Bath
|
1100 ft²
|
$249,900
2 Bed
2 Bath
1100 ft²
|
$254,900
+2.00%
09/16/2024
|
MaryJoe Beasley
PREMIER SOTHEBYS INT'L REALTY
| |
|
02/13/2024
|
1 Bed
|
1 Bath
|
702 ft²
|
$195,000
1 Bed
1 Bath
702 ft²
|
$195,000
04/02/2024
|
Douglas E Addeo
Community Realty Associates
| |
|
11/29/2023
|
1 Bed
|
1 Bath
|
702 ft²
|
$195,000
1 Bed
1 Bath
702 ft²
|
$195,000
01/08/2024
|
Jennifer Jordan
ENGINE REALTY INC
| |
|
11/06/2019
|
1 Bed
|
1 Bath
|
702 ft²
|
$115,000
1 Bed
1 Bath
702 ft²
|
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017