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$1,550,000
Original: $1,700,000
Active
Address Available Upon Request
ORLANDO, FL 32826 — WATERFORD LNDG CONDO
11 Beds
10 Baths
7,176 sqft
0.23 acres
Built 1989
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.
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.
Property Details
Basics
- Property Type
- Residential Income
- Property Subtype
- Quadruplex
- MLS Number
- O6429349
- Days on Market
- 58
- Year Built
- 1989
- Levels
- One
- Additional Rooms
- Inside Utility
- Occupant Type
- Tenant
Size & Structure
- Living Area
- 7,176 sqft
- Lot Size
- 0.23 acres
- Lot Sq Ft
- 10,205 sqft
- Bedrooms
- 11
Interior
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
- Interior Features
- Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
- Laundry
- Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
- Windows
- Blinds
- Fireplace
- Yes — Living Room
- Furnished
- Unfurnished
- A/C
- Central Air
- Heating
- Central
Exterior & Lot
- Exterior Features
- Balcony
- Construction
- Stucco, Frame
- Roof
- Shingle
- Foundation
- Slab
Water & Pool
Community & HOA
- HOA
- Yes
- HOA Fee
- $2,576/Monthly
- HOA Amenities
- Clubhouse, Pool
- Community Features
- Clubhouse, Pool
- Pets Allowed
- Breed Restrictions
Utilities & Systems
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Water Connected
- Cooling
- Central Air
- Heating
- Central
- Flood Zone
- X
- Parking
- Open
Financial
- List Price
- $1,550,000
- Original Price
- $1,700,000
- Annual Taxes
- $25,321
- Tax Year
- 2025
- Listing Terms
- Cash, Conventional
- Special Conditions
- None