6032 Shenandoah WAY
About This Property
On the exterior you will find a brand NEW ROOF installed this May. As you step inside, you'll find a cozy living space awaiting your creative vision. The main floor encompasses a functional layout featuring a spacious living room, a galley kitchen, and two well-sized bedrooms, offering ample space.
While this property requires some tender loving care, it boasts immense potential to become your dream home. Put your handyman skills to use and transform this blank canvas into a stylish oasis tailored to your taste. The fixer-upper nature of this property ensures the opportunity for substantial equity gain once renovations are complete.
One of the notable features of this home is the large, fenced-in backyard. Imagine the possibilities for outdoor entertainment, gardening, or creating a safe play area for children or pets. With a bit of landscaping and imagination, this backyard could become the envy of the neighborhood.
In addition to the home's character and potential, its location is a standout feature. Situated close to downtown Orlando, you'll have easy access to a multitude of dining, shopping, and entertainment options. Whether you're seeking a night out on the town, exploring local attractions, or commuting to work, this property provides a convenient base.
Don't miss out on this fantastic opportunity to own a piece of Orlando real estate at an affordable price. With a little elbow grease, creativity, and investment, this fixer-upper can be transformed into a cherished home. Take the first step towards homeownership and schedule a viewing today!
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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 |
|---|---|---|---|
| Jul 19, 2023 | Sold | ||
| Sold | |||
| May 18, 2023 | Listed by FLORIDA REALTY INVESTMENTS | $265,000 | |
| Listed by FLORIDA REALTY INVESTMENTS | |||
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About Engelwood Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017