2507 N Alafaya Trail Unit 10, Orlando, FL 32826
- $145,000
- 2
- BD
- 1
- BA
- 850
- SqFt
- List Price
- $145,000
- Status
- Active
- Days on Market
- 139
- MLS#
- O6390224
- Property Style
- Condo
- Year Built
- 1973
- Bedrooms
- 2
- Bathrooms
- 1
- Living Area
- 850
- Lot Size
- 7,409
- Acres
- 0.17
- Building Name
- /
- Monthly Condo Fee
- 250
- Legal Subdivision Name
- Windmill Point Condo
- MLS Area Major
- Orlando/Alafaya
Property Description
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.
Additional Information
- Taxes
- $2042
- Minimum Lease
- 1-2 Years
- Maintenance Includes
- Pool, Maintenance Structure
- Condo Fees
- $250
- Condo Fees Term
- Monthly
- Location
- In County, Sidewalk, Paved, Unincorporated
- Community Features
- Pool, No Deed Restriction
- Property Description
- One Story
- Zoning
- R-3
- Interior Layout
- Living Room/Dining Room Combo, Thermostat, Window Treatments
- Interior Features
- Living Room/Dining Room Combo, Thermostat, Window Treatments
- Floor
- Ceramic Tile
- Appliances
- Dishwasher, Range, Refrigerator
- Utilities
- Cable Connected, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Exterior Features
- Balcony, Sidewalk
- Roof
- Shingle
- Foundation
- Block
- Pool
- Community
- Pets
- Allowed
- Max Pet Weight
- 35
- Floor Number
- 2
- Flood Zone Code
- X
- Parcel ID
- 15-22-31-9377-01-010
- Legal Description
- WINDMILL POINT CONDOMINIUM 8886/3035 UNIT 10 BLDG 1
Listing courtesy of WATSON REALTY CORP. 407-359-2300
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