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$1,550,000

  • For Sale
  • Active
  • Multi-Family
  • 0.23 Acres
  • Updated 13 days ago
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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.

Full Property Details for MLS# O6429349

General

  • Price: $1,550,000
  • HOA FEE: $2,576/month
  • Taxes: $25,321 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6429349
  • Updated: 9/26/2026
  • Added to Site: 72 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months
  • Min. Lease: 8-12 Months

Interior

  • Interior Features: Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
  • Fireplace: Yes
  • Fireplace(s): Living Room
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
  • Furnishings: Unfurnished

Rooms

Bathrooms

  • Total Bathrooms: 10

Bedrooms

  • Total Bedrooms: 11

Other Rooms

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

Additional Information

  • Shared Amenities: Clubhouse, Pool

Exterior

  • Exterior Features: Balcony

Parking

  • Parking Features: Open

Location

  • Area: 32826 - Orlando/Alafaya
  • County: Orange
  • Development Name: 32826 - Orlando/Alafaya
  • Subdivision: WATERFORD LNDG CONDO
  • Driving Directions: Directions: FL-417 Toll S, Take exit 37 for University Blvd, Turn L onto University Blvd, Turn R onto FL-434 E (Alafaya Trail), Turn R into Waterford Landing Condominiums(Plymouth St), make immediate R

Community

  • Community Name: 32826 - Orlando/Alafaya
  • Community Features: Clubhouse, Pool
  • Optional Amenities: Clubhouse, Pool
  • Association: Yes
  • Assoc. Name: Jo Ann Donaldson - Sentry Management
  • Pet Restrictions: Refer to HOA Rules & Regs

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Water Connected

Structural Information

  • Exterior Const.: Stucco, Wood Frame
  • Roof: Shingle
  • Windows: Blinds
  • Stories/Levels: One
  • Square Feet: 7,176
  • Sq. Ft. Source: Public Records
  • Year Built: 1989

Lot Features

  • Lot Size (Acres): 0.23
  • Lot Size (Sq. Ft.): 10,205
  • Lot Size: 10205
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Association Fee: $2,576
  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: Required
  • Tax Amount: $25,321
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • 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 8684/210
  • Flood Zone Info: X
  • APN: 152231911002103
  • Property ID: 152231911002103
  • Block/Lot/Section: 2

Listed by Legends Realty

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— MLS# O6429349 —

  • Legends Realty

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NMLS#: 1598647

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Price & Sales History for MLS# O6429349 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/24/2026
Price Reduced
$1,550,000
-8.82%
MLS
7/30/2026
Listed
$1,700,000
—
MLS
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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MLS# O6429349, Orlando, FL 32826 (MLS# O6429349) is a Multi-Family property with units containing 11 bedrooms and 0 full bathrooms. MLS# O6429349 is currently listed for $1,550,000 and was received on July 30, 2026. Want to learn more about MLS# O6429349? Do you have questions about finding other Multi-Family real estate for sale in Orlando? You can browse all Orlando real estate or contact a Coldwell Banker agent to request more information.

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