For Sale

Listed by Christina Nelson from LEGENDS REALTY

Source: Stellar MLS #O6429349

North Alafaya Trail Orlando FL 32826

$1,550,000

11
10
7176 sq. ft.
10205 sq. ft.

Duplex

•

30+ days on the market

About this property

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.

Other properties for sale by LEGENDS REALTY

For Sale
$600,000
372 West Lakeview Avenue
Lake Mary FL 32746
2
2
2
Single-Family
Listing courtesy of LEGENDS REALTY
For Sale
$1,189,000
236 West Dayton Street
Upland CA 91786
5
3
2
Single-Family
Listing courtesy of LEGENDS REALTY
For Sale
$779,000
5192 Galano Drive
Camarillo CA 93012
2
2
2
Single-Family
Listing courtesy of LEGENDS REALTY

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent