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357 RIDGEWOOD STREET
About This Property
Discover the perfect blend of comfort, versatility, and investment potential in this spacious Altamonte Springs home. Featuring **4 bedrooms, 2.5 bathrooms**, and a thoughtfully designed layout, this property offers plenty of room for families, investors, or anyone seeking extra space in a highly desirable location. Step inside to find bright and inviting living areas filled with natural light, creating a warm atmosphere that's ideal for both everyday living and entertaining. The functional floor plan provides comfort and flexibility for a variety of lifestyles. One of the property's most valuable features is the **garage conversion into a private studio**, offering an excellent opportunity for additional income through long-term or short-term rentals. Whether you're an investor looking to maximize returns or a homeowner interested in offsetting your mortgage, this bonus space adds tremendous value.
Enjoy peace of mind with major updates already completed:* **Roof replaced in 2021*** **HVAC systems replaced in 2021**
* **Water heater replaced in 2023**Conveniently located in the heart of Altamonte Springs, you'll be just minutes from shopping centers, restaurants, hospitals, parks, entertainment, and major highways, providing easy access to everything Central Florida has for your buyer.
Best of all, **NO HOA!** Enjoy the freedom of homeownership without association restrictions or monthly fees.
Whether you're searching for your next primary residence, a multi-generational living solution, or a smart investment opportunity, this property offers exceptional value and endless possibilities.
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2026 | Listed by EG ORLANDO LLC | $510,000 | |
| Listed by EG ORLANDO LLC | |||
| May 6, 2026 | Listed by LPT REALTY, LLC | $515,000 | |
| Listed by LPT REALTY, LLC | |||
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Welcome to this incredible opportunity in the heart of Altamonte Springs. Located at 357 Ridgewood St, this spacious property offers the perfect combination of comfort, functionality, and investment potential. This home features 4 bedrooms and 2.5 bathrooms, making it ideal for families looking for space in a prime location. From the moment you walk in, you’ll enjoy a warm and inviting atmosphere with open living areas and abundant natural light, perfect for everyday living and entertaining guests. One of the standout features of this property is the garage conversion into a private studio, creating an excellent opportunity for additional rental income through long-term or short-term leasing. Roof 2021 HVAC systems replaced in 2021, water heater replaced on 2023. Perfect for investors or homeowners looking to offset their monthly expenses with extra income. Situated in one of the most desirable and convenient areas of Altamonte Springs, this home offers easy access to restaurants, shopping centers, hospitals, parks, and major highways. Best of all — NO HOA! Enjoy the freedom of homeownership without association restrictions or monthly HOA fees.
Whether you are looking for a primary residence or a great investment opportunity, this property has endless potential. Schedule your private showing today and come see everything this home has!!!!!
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| Oct 2, 2024 | Sold | ||
| Sold | |||
| Aug 20, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Relisted | $459,900 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017