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2507 N ALAFAYA TRAIL UNIT 10

Condo/Co-op For Sale
$145,000

BTC: 2.26562500

ETH: 83.04696449

83 days
2 bds
1 ba
850 sqft

Overview

Welcome to 2507 Alafaya Trail, a compelling opportunity to own a 2-bedroom, 1-bathroom condo in the heart of East Orlando — currently tenant-occupied and generating income from day one. Whether you're an experienced investor or a first-time buyer looking to enter the market, this property delivers immediate cash flow in one of Central Florida's highest-demand rental corridors. The unit features a functional, move-in ready layout with a spacious living area, ample natural light, and a comfortable flow into the kitchen and dining space. Both bedrooms offer flexibility for a variety of tenant profiles — from students and young professionals to couples — making it an easy, low-vacancy asset to manage. The property is currently tenant-occupied, offering a seamless transition for buyers seeking a turnkey rental investment, and based on current lease terms and market conditions, operates at an approximate 7% annual cap rate, delivering solid, stable returns in one of Orlando's fastest-growing submarkets. Location continues to be one of this property's strongest attributes. Situated just minutes from the University of Central Florida — one of the largest universities in the nation — the surrounding area benefits from deep, consistent housing demand driven by tens of thousands of students, faculty, and staff, supporting strong occupancy rates and reliable rent growth over time. The property is also ideally positioned near Research Park, home to major technology, defense, and innovation employers that continue to fuel East Orlando's economic expansion. Proximity to Waterford Lakes Town Center provides tenants with convenient access to shopping, dining, and everyday services — a key factor in tenant retention. For commuters, easy connectivity via Alafaya Trail, SR 408, and SR 417 offers straightforward access to downtown Orlando, Orlando International Airport, and surrounding employment centers. For investors seeking a producing asset with a prime UCF-area location, strong rental fundamentals, and long-term appreciation potential, 2507 Alafaya Trail is a must-see opportunity. Tenant is in place — please do not disturb. Showings to be coordinated in accordance with tenant rights and lease terms.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1973
Lot:
0.17 Acres
Heating:
Central
Price/sqft:
$171
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$156,500
$120K – $179K
Confidence Low
List vs. estimate
$11K below estimate
List $145,000 · -7.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$170
-11.5% vs. city median $192
Based on
32 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,042
2025
View
Tennis Court
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Range

    • Refrigerator

    Other interior features

    • Living Room/Dining Room Combo

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Property

    • Levels: One

    • Exterior Features: Balcony / Sidewalk

    Lot

    • Lot: 0.17 Acres

    Other Property Information

    • Parcel Number: 152231937701010

    • Zoning: R-3

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $2,043

  • Source details

    • MLS ID: O6390224

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Block

    • Laundry Features: Inside

    • Lot Features: In County / Sidewalk / Unincorporated

    • Patio And Porch Features: Enclosed / Rear Porch / Screened

    • Window Features: Blinds

    • Direction Faces: North

    • Living Area: 850

    • Water Source: Public

    • Subdivision Name: WINDMILL POINT CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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 ©2026-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: WATSON REALTY CORP