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2550 N ALAFAYA TRAIL

ORLANDO, FL 32826

MLS#: O6429349

$1,550,000

Status: Active
Listing number: O6429349
Listing provided by: LEGENDS REALTY
Listing agent phone: None
Last update: 5 days ago
On site: a month ago
Browse Properties
WATERFORD LNDG CONDO - Residential Income

Property

Beds

11

Full Baths

None

1/2 Baths

None

Year Built

1989

Sq.Footage

650

Investor Opportunity! Don't miss this rare chance to acquire an 11-unit condominium portfolio in Waterford Landing Condominium, offering immediate rental income and strong investment potential. The portfolio includes a mix of tenant-occupied units, upcoming vacancies, and a vacant unit currently in the tenant-placement process, providing flexibility for continued rental income and future leasing opportunities. The 11-unit portfolio is offered at $1,550,000 and generates an estimated annual gross income of $171,660.00, with an estimated annual net income of $97,055.58 based on current portfolio expenses. Monthly HOA assessments vary by unit size, with individual assessments currently ranging from approximately $209 to $290 per month. The portfolio includes three different floor plans ranging from 583 to 810 square feet. Current lease expirations are staggered through August 2027, providing an investor with the opportunity to manage future renewals and rental placement over time. Upcoming-vacancy units are being simultaneously marketed for sale and lease. Ideally located just minutes from UCF's Main Campus, Waterford Landing offers convenient access to shopping, dining, entertainment, and major roadways, making the community attractive for continued rental demand. Seller is also willing to consider the sale of units individually or as a smaller portion of the portfolio. Please refer to the separate MLS listings for current individual unit details, occupancy status, and availability. Contact the Listing Agent for additional financial information. Please refer to the included tax ID numbers and legal descriptions for the complete list of the 11 units included in the portfolio sale.

Features & Amenities

Interior

  • Other Interior Features

    Walk-In Closet(s)

  • Total Bedrooms

    11

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    Breed Restrictions

Exterior

  • Garage

    No

  • Construction Materials

    Stucco, Frame

  • Other Exterior Features

    Balcony

  • Parking

    Open

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.23

  • Lot Size(square feet)

    10,205

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,550,000

  • Tax Amount

    $2,311.46

  • Sq. Footage

    650

  • Price/SqFt

    $2,384

HOA

  • Association

    YES

  • Association Fee

    $234

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

  • Total Monthly Fees

    $234

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Association Amenities

    Clubhouse, Pool

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    103

  • Water Source

    Public

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Listing Courtesy of Christina Nelson , LEGENDS REALTY

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(561) 609-2391

franko+southflorida@init.hr


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Investor Opportunity! Don't miss this rare chance to acquire an 11-unit condominium portfolio in Waterford Landing Condominium, offering immediate rental income and strong investment potential. The portfolio includes a mix of tenant-occupied units, upcoming vacancies, and a vacant unit currently in the tenant-placement process, providing flexibility for continued rental income and future leasing opportunities. The 11-unit portfolio is offered at $1,550,000 and generates an estimated annual gross income of $171,660.00, with an estimated annual net income of $97,055.58 based on current portfolio expenses. Monthly HOA assessments vary by unit size, with individual assessments currently ranging from approximately $209 to $290 per month. The portfolio includes three different floor plans ranging from 583 to 810 square feet. Current lease expirations are staggered through August 2027, providing an investor with the opportunity to manage future renewals and rental placement over time. Upcoming-vacancy units are being simultaneously marketed for sale and lease. Ideally located just minutes from UCF's Main Campus, Waterford Landing offers convenient access to shopping, dining, entertainment, and major roadways, making the community attractive for continued rental demand. Seller is also willing to consider the sale of units individually or as a smaller portion of the portfolio. Please refer to the separate MLS listings for current individual unit details, occupancy status, and availability. Contact the Listing Agent for additional financial information. Please refer to the included tax ID numbers and legal descriptions for the complete list of the 11 units included in the portfolio sale.

2550 N ALAFAYA TRAIL

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