11 Beds
10 Baths
7,176 SqFt
11 Beds
10 Baths
7,176 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,176 sqft
Price per Sqft $215
Subdivision Waterford Lndg Condo
MLS Listing ID O6429349
Bedrooms 11
HOA Fees $2,576/mo
HOA Y/N Yes
Annual Recurring Fee 30912.0
Year Built 1989
Annual Tax Amount $25,321
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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.
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 $2, 576
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
"People Before Property"
Assisting buyers and sellers in achieving their goals is literally what I love to do!