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Orlando
$163,000
1 Beds ⋅ 1 Baths ⋅ Waterford Lndg Condo SubDv. ⋅ 32826 Zip Code
Welcome to this well-maintained 1-bedroom, 1-bathroom condominium offering 650 square feet of comfortable living space. The open-concept living and dining area provides a functional and inviting layout. The kitchen includes a breakfast bar, stove, refrigerator, dishwasher, and an adjacent inside utility room complete with a full-size washer and dryer. Residents enjoy access to two community swimming pools, a clubhouse, and a fitness center. Built in 1989, this property is ideally located just minutes from UCF's Main Campus with convenient access to shopping, dining, entertainment, and major roadways. Whether you're searching for a future owner-occupied residence or an investment opportunity in a high-demand rental market, this condo offers an appealing combination of location, amenities, and convenience. The unit is currently tenant-occupied through December 31, 2026, at a monthly rental rate of $1,375, providing immediate rental income for an investment buyer. The existing tenant may be offered a renewal for continued investment use, or the lease may be allowed to expire at the end of the current lease term for a buyer who intends to occupy the property as their residence. Seller is also willing to sell this unit as part of an 11-unit Investor Portfolio. Please refer to the separate MLS Income portfolio listing for additional details. Contact the Listing Agent for additional financial information.

Orlando

2550 N Alafaya Trail Unit 2209, Orlando
$163,000
1 Beds ⋅ 1 Baths ⋅ Waterford Lndg Condo SubDv. ⋅ 32826 Zip Code
Welcome to this well-maintained 1-bedroom, 1-bathroom second-floor condominium offering 650 square feet of comfortable living space. The open-concept living and dining area features a cozy fireplace and tile flooring throughout for easy maintenance. The kitchen includes a breakfast bar, stove, refrigerator, dishwasher, and an adjacent inside utility room with a full-size washer and dryer included. Step outside to enjoy the private balcony, perfect for relaxing and unwinding. Residents enjoy access to two community swimming pools, a clubhouse, and a fitness center. Built in 1989, this property is ideally located just minutes from UCF's Main Campus with convenient access to shopping, dining, entertainment, and major roadways, making it an attractive opportunity for both owner-occupants and investors. The unit is currently tenant-occupied through October 31, 2027, at a monthly rental rate of $1,345, providing immediate rental income for an investment buyer. The existing tenant may be offered a renewal for continued investment use, or the lease may be allowed to expire for a buyer who intends to occupy the property as their residence. Seller is also offering this unit as part of a 11-unit Investor Portfolio. Please refer to the separate MLS Income portfolio listings for additional details. Contact the Listing Agent for additional financial information.

2550 N Alafaya Trail Unit 2209, Orlando

Orlando
$1,550,000
11 Beds ⋅ 10 Baths ⋅ Waterford Lndg Condo SubDv. ⋅ 32826 Zip Code
INVESTMENT OPPORTUNITY – 11-UNIT CONDO PORTFOLIO NEAR UCF! Offered at $1,550,000, this income-producing portfolio is located within the established Waterford Landing community in East Orlando, convenient to the University of Central Florida, Research Park, Waterford Lakes Town Center, shopping, dining and major roadways. The portfolio consists of 11 individually deeded condominium units, including 10 tenant-occupied units and 1 vacant unit, with three floor plans ranging from 583 to 810 square feet. Current lease expirations are staggered through October 2027, providing an investor with continued rental income while allowing future renewals and rental placement to occur over time. Upcoming-vacancy units may be simultaneously marketed for sale and lease. The portfolio currently generates scheduled rental income of approximately $14,305 per month / $171,660 annually. Based on normalized recurring operating expenses, the portfolio generates an estimated NOI of approximately $104,552, representing an estimated 6.75% cap rate at the current asking price. Normalized NOI separates recurring repairs and maintenance from major capital replacements and non-recurring turnover expenses to provide a clearer representation of ongoing operating performance. Waterford Landing offers two community pools, clubhouse, fitness center, racquetball and lake access. Monthly condominium association assessments vary by unit size and currently range from approximately $209 to $290 per unit. Association fees include water, sewer, trash, common-area maintenance and other association-covered services, while tenants are responsible for electricity. Acquiring multiple units within a single established community provides diversification across multiple tenants and lease expiration dates while retaining the flexibility of individual condominium ownership. The portfolio's proximity to UCF, Research Park and major Central Florida transportation corridors supports an established rental location with long-term investment potential. Portfolio sale preferred; seller may consider alternative purchase structures or a smaller grouping of units depending upon terms. Units are also offered for sale individually. Please refer to the separate MLS listings for current individual unit details, occupancy status and availability. Please refer to the included Tax ID numbers and legal descriptions for the complete list of the 11 units included in the portfolio sale. Contact the Listing Agent for additional financial information.

Orlando

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