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1016 ALBA DRIVE

Multi-family Active With Contract
$750,000

BTC: 10.96907861

ETH: 308.16387744

-$35K (2024/09/29)
20 days
5 bds
2,400 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Facts and features

Type:
Residential Income
Parking:
Driveway
Year Built:
1951
Lot:
0.17 Acres
Heating:
Central
Price/sqft:
$312
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Flooring

    • Ceramic Tile

    • Laminate

    • Vinyl

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Dryer

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Parking

    • Driveway

    Property

    • Exterior Features: Other

    Lot

    • Lot: 0.17 Acres

    Other Property Information

    • Parcel Number: 222229625600370

    • Zoning: R-2A/T

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $6,222

  • Source details

    • MLS ID: O6240157

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Fireplace Features: Decorative

    • Laundry Features: Laundry Room

    • Patio And Porch Features: Covered / Front Porch

    • Fireplace: Yes

    • Garage Spaces: 2

    • Garage: Yes

    • Living Area: 2400

    • Water Source: Public

    • Subdivision Name: ORANGE PARK SUB

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS HERITAGE REALTY