1510 Altaloma Ave Orlando, FL 32803

Rare opportunity in Orlando's hottest corridor! This duplex sits in the heart of the Mills 50/Colonialtown North neighborhood, offering investors strong rental potential or homeowners the chance to offset their mortgage by renting the second unit. The property features two well-maintained units: a 2-bedroom, 1-bath and a 1-bedroom, 1-bath, each with spacious, light-filled layouts and move-in ready living spaces. The units are individually metered for electricity, providing added convenience and flexibility for tenants and owners alike. The property can easily be converted into a spacious 3-bedroom, 2-bath single-family home, perfect for families seeking more square footage in this prime location. A new roof was installed in 2020, providing peace of mind for years to come. HVAC updates include a brand new inside and outside unit for Unit 1 installed July 2025 and a brand new inside and outside unit for Unit 2 installed February 2023, both with rebuilt fiberglass housings and copper wiring. The generous backyard offers room to expand outdoor living, create a garden oasis, or add an ADU for additional value-add potential. A shared laundry room provides added convenience for residents. Located in Flood Zone X, this property does not require flood insurance. Just 5 minutes to Mills 50's vibrant dining and entertainment scene, 8 minutes to Downtown Orlando, 10 minutes to Winter Park's upscale shopping and dining, and walking distance to the Orlando Urban Trail. Direct access to I-4 and 408 makes commuting to major employment hubs effortless. Residents enjoy an abundance of local craft coffee shops, boutique shopping, parks, and the area's renowned culinary scene. With Mills 50's continued revitalization, strong rental demand, and proximity to downtown employers, this property offers excellent cash flow potential and long-term appreciation. Live in one unit while the other helps pay your mortgage, or hold as a pure investment property. Whether you're an investor seeking passive income, a homeowner looking to offset your mortgage, or a family wanting the flexibility to convert to a single-family residence, this property delivers. Don't miss this opportunity in one of Orlando's most desirable and rapidly appreciating neighborhoods!