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About this home
MLS #O6429349 is a 1989-built home in Waterford Lndg Condo, Orlando. Inside you'll find 11 bedrooms, 10 bathrooms, and 7,176 square feet of living space. Listed at $1,550,000 (about $216/sqft), 58 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $2,576 monthly.
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 essentials
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Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
Map unavailable for this listing.
Market insights
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$1,550,000
$216 per sq ft
Beds and baths
11 beds, 10 baths
Size
7,176 sq ft
Time on market
72 days
Year built
1989
Monthly payment
About $13,545/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $25,321 annual tax bill, insurance, and the $2,576/mo HOA fee.
HOA fee
$2,576/mo
Managed by Jo Ann Donaldson - Sentry Management.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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