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Marcus E Smith PA

marcus@marcusesmith.com +1(407) 342-3214

$ 1,550,000

Est. payment -/mo

Save

Active

Address not disclosed Orlando, FL 32826

11 Beds

10 Baths

650 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 650 sqft

Price per Sqft $2,384

Subdivision Waterford Lndg Condo

MLS Listing ID O6429349

Bedrooms 11

HOA Fees $234/mo

HOA Y/N Yes

Annual Recurring Fee 2808.0

Year Built 1989

Annual Tax Amount $2,311

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Quadruplex

Source Stellar MLS

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.

Location

State FL

County Orange

Community Waterford Lndg Condo

Area 32826 - Orlando/Alafaya

Zoning R-3

Rooms

Other Rooms Inside Utility

Interior

Interior Features Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Furnishings Unfurnished

Fireplace true

Appliance Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer

Laundry Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup

Exterior

Exterior Feature Balcony

Parking Features Open

Community Features Clubhouse, Pool

Utilities Available Cable Available, Water Connected

Amenities Available Clubhouse, Pool

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Stucco,Frame

New Construction false

Others

Pets Allowed Breed Restrictions

Senior Community No

Ownership Fee Simple

Monthly Total Fees $234

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Christina Nelson LEGENDS REALTY

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