Address Withheld By Seller, Orlando, FL 32826
Local realty services provided by:Gulf Shores Realty ERA Powered
Address Withheld By Seller,Orlando, FL 32826
$1,550,000
- 11 Beds
- 10 Baths
- 7,176 sq. ft.
- Multi-family
- Active
Listed by: christina nelson
Office: legends realty
MLS#:O6429349
Source:MFRMLS
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Price summary
- Price:$1,550,000
- Price per sq. ft.:$216
- Monthly HOA dues:$2,576
About this home
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....
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Home facts
- Year built:1989
- Subdivision & Development:WATERFORD LNDG CONDO
- Listing ID #:O6429349
- Added:89 day(s) ago
- Updated:October 27, 2026 at 06:04 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:10
- Dining Description:Living Room/Dining Room Combo
- Kitchen Description:Dishwasher, Range, Range Hood, Refrigerator
- Bedroom Description:Walk-In Closet(s)
- Living area:7,176 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1989
- Building area:7,176 sq. ft.
- Lot area:0.23 Acres
- Construction Materials:Frame, Stucco
- Exterior Features:Balcony
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$216
- Tax amount:$25,321 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer, Washer Hookup
- Amenities:Cable Available, Clubhouse, Living Room/Dining Room Combo, Pool, Walk-In Closet(s), Window Treatments
- Pool features:Pool, Public Pool
Parking
- Parking description:Open
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