Price Reduced 4.46%

$750,000 ($312.50 per sqft)

Pending

Est. Mortgage $3,792/mo *

Quick Pre-Approval

Price History

$785,000
9/12/2024

$764,999
9/24/2024

$750,000
9/29/2024


1016 Alba DRIVE, Orlando, FL, 32804

1016 Alba DRIVE, Orlando, FL, 32804

5 beds

1951

2,400 sqft

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. CLICK ON THE VIRTUAL TOUR LINK FOR 3D WALK-THRU!!! Welcome to 1016 Alba Dr., a fantastic triplex located in the vibrant and highly sought-after College Park neighborhood of Orlando. This unique property features two spacious 2-bedroom, 1-bathroom units, each with a bonus Florida room, and an additional 1-bedroom, 1-bathroom unit situated above the detached 2-car garage. Whether you’re an investor looking for an income-generating property or a homeowner seeking the opportunity to live in one unit and rent out the others, this triplex offers endless possibilities! Each of the 2-bedroom, 1-bathroom units is well-designed, providing comfortable living spaces filled with natural light. The Florida rooms offer a versatile bonus area perfect for a home office or relaxing lounge space. Both units come with their own garage space, making parking and storage easy and convenient. One of the 2-bedroom units is currently rented at $1,550 a month, which is below the current market rent of approximately $1,895 a month, offering room for potential rental income growth. The charming 1-bedroom, 1-bathroom unit above the garage provides privacy and coziness, ideal for an additional tenant or even as an owner’s suite. Its efficient layout and bright, welcoming feel make it a wonderful addition to this already fantastic property. Market rent for this unit is around $1400-$1500 a month. Set in the heart of College Park, 1016 Alba Dr. is just a stone's throw from Edgewater Drive, where you'll find a lively mix of boutique shopping, popular dining spots, and neighborhood events. Known for its tree-lined streets, local parks, and a close-knit community atmosphere, College Park offers a perfect balance of suburban charm and urban convenience. You’ll also enjoy quick access to downtown Orlando, UCF campus, Amway area, INTER& Co Stadium, Camping World Stadium, AdventHealth, major highways, and top-rated schools, making this an attractive location for both residents and renters alike. The endless potential here makes 1016 Alba Dr. a prime opportunity for any buyer. Live in one unit and offset your mortgage by renting the others, or lease all three units for a strong cash flow investment. With its prime location, functional layout, and potential for increased rental income, this property is a rare find in the heart of College Park. Don’t miss out on this incredible investment opportunity! Schedule your private tour of 1016 Alba Dr. today and discover all the possibilities this triplex has to offer!


Status:

Pending

Type:

Multi-family

Laundry Remarks:

Laundry Room

Units:

3

Subdivision:

ORANGE PARK SUB

Garage:

2-car Driveway

Heating:

Central

Cooling:

Central Air, Wall/Window Unit(s)

Acreage:

0.17

Est. Taxes:

$6,222

Construction

Block, Stucco

Utilities

Electricity Connected, Sewer Connected, Water Connected

Elementary School:

Lake Silver Elem

Middle School:

College Park Middle

High School:

Edgewater High

Days on Market:

20

Pet Policy:

Yes

Appliances:

Dryer, Range, Refrigerator, Washer

Min Lease Term:

8-12 Months

MLS #:

O6240157


Community Info

School Info

Walk Score

Yelp



Listing courtesy of KELLER WILLIAMS HERITAGE REALTY Phone: 407-862-9700