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$ 750,000

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Pending

1016 ALBA DR Orlando, FL 32804

5 Beds

3 Baths

2,400 SqFt

UPDATED:

10/03/2024 05:59 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $312

Subdivision Orange Park Sub

MLS Listing ID O6240157

Bedrooms 5

Construction Status Appraisal,Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1951

Annual Tax Amount $6,221

Lot Size 7,405 Sqft

Acres 0.17

Property Description

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!

Location

State FL

County Orange

Community Orange Park Sub

Zoning R-2A/T

Interior

Interior Features Ceiling Fans(s), Thermostat

Heating Central

Cooling Central Air, Wall/Window Unit(s)

Flooring Ceramic Tile, Laminate, Vinyl, Wood

Fireplaces Type Decorative

Fireplace true

Appliance Dryer, Range, Refrigerator, Washer

Laundry Laundry Room

Exterior

Exterior Feature Other

Garage Driveway

Garage Spaces 2.0

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront false

Roof Type Shingle

Porch Covered, Front Porch

Parking Type Driveway

Attached Garage false

Garage true

Private Pool No

Building

Lot Description Paved

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Construction Status Appraisal,Financing,Inspections

Schools

Elementary Schools Lake Silver Elem

Middle Schools College Park Middle

High Schools Edgewater High

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by KELLER WILLIAMS HERITAGE REALTY

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1016 ALBA DR Orlando, FL 32804

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1016 ALBA DR