Active

1016 ALBA DR

ORLANDO FL, 32804

$785,000


$327.08 per sqft

Active

5 Beds

3 Baths

2,400 sqft

Multi-family

Built in 1951

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 $1,800 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!

O6240157

MLS ID

September 12, 2024

Listed

September 19, 2024

Updated

Map

1016 ALBA DR
ORLANDO FL, 32804

Interior Features

Bedrooms

5


Total Bathrooms

3


Interior Features

Ceiling Fans(s), Thermostat


Appliances

Dryer, Range, Refrigerator, Washer


Laundry Description

Laundry Room


Floor Description

Ceramic Tile, Laminate, Vinyl, Wood


Fireplace

Yes


Fireplace Description

Decorative


Cooling

Yes


Cooling Description

Central Air, Wall/Window Unit(s)


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.17 Acres


Exterior Features

Other


Lot Features

Paved


Roof

Shingle


Sewer

Public Sewer

School Information

High School

Edgewater High


Elementary School

Lake Silver Elem

Other Property Details

Area Name

32804 - Orlando/College Park


Taxes

$6,222


Tax Frequency

Annually


Days on Market

7


Garage

Yes


Garage Spaces

2


Parking

Driveway


View

No


County

Orange


Municipality

22


Water Source

Public


Pool

No


Zoning

R-2A/T

Listed by KELLER WILLIAMS HERITAGE REALTY
Listing Contact: 407-862-9700 

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Data last updated 9/19/2024, 4:59 PM UTC

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