Orlando, FL 32826
- $1,550,000
- 11
- BD
- 10
- BA
- 650
- SqFt
- List Price
- $1,550,000
- Status
- Active
- Days on Market
- 29
- Price Change
- ▼ $150,000 1787609589
- MLS#
- O6429349
- Property Style
- Quadruplex
- Year Built
- 1989
- Bedrooms
- 11
- Bathrooms
- 10
- Living Area
- 650
- Lot Size
- 10,205
- Acres
- 0.23
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Waterford Lndg Condo
- MLS Area Major
- Orlando/Alafaya
Property Description
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.
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Additional Information
- Taxes
- $2311
- Minimum Lease
- 8-12 Months
- Annual Gross Income
- 171660
- Hoa Fee
- $234
- HOA Payment Schedule
- Monthly
- Community Features
- Clubhouse, Pool, No Deed Restriction
- Property Description
- One Story
- Zoning
- R-3
- Interior Layout
- Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
- Interior Features
- Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
- Utilities
- Cable Available, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Fireplace
- Yes
- Fireplace Description
- Living Room
- Exterior Construction
- Stucco, Frame
- Exterior Features
- Balcony
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Community
- Garage Features
- Open
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 15-22-31-9110-02-103
- Legal Description
- WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2107 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2103 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2205 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2209 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2111 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 3304 BLDG 3 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5203 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 6108 BLDG 6 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5103 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 10305 BLDG 10 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5105 BLDG 5
Listing courtesy of LEGENDS REALTY. 407-333-1010
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