1016 Alba Drive, ORLANDO, FL

$850,000

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2,400

Square feet

0.17

Acres

About 1016 Alba Drive

Introducing this exceptional triplex nestled in the desirable College Park area, representing the perfect addition to any investor's portfolio. This beautiful split home features a unique layout with a two-car garage located in the rear, complete with an additional apartment above. Currently fully leased with below market rents, this property presents an outstanding opportunity for immediate cash flow and potential future value appreciation. Key Features: Prime Location: Situated in the sought-after College Park neighborhood, this triplex offers convenience and accessibility to local amenities, universities, parks, and transportation options. Multi-Family Investment: Ideal for investors seeking a multi-family property, this triplex provides three separate units, each with its own distinct charm and character. Split Home Design: Enjoy the convenience of a split home layout, with the main residence featuring spacious living areas, and comfortable bedrooms, while the additional apartment above the garage offers privacy and versatility. Two-Car Garage: The property includes a detached two-car garage in the rear, providing ample parking space for residents. Income Potential: Currently leased with below market rents, this triplex presents an opportunity to increase rental income and maximize returns. With multiple lease terms in place, flexibility is key for any investor. Additional Details: Investment Potential: Take advantage of the opportunity to purchase the adjacent triplex next door, expanding your investment portfolio and increasing potential rental income. Contact Agent for more details.No interior showing without 24 hour notice and an appointment is required.

Features of 1016 Alba Drive

MLS® # O6196926
Price $850,000
Bathrooms 0.00
Square Footage 2,400
Acres 0.17
Year Built 1951
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 1016 Alba Drive
Area Orlando/College Park
Subdivision ORANGE PARK SUB
City ORLANDO
County Orange
State FL
Zip Code 32804

Amenities

# of Garages 2
Is Waterfront No
Has Pool No

Interior

Interior Features Built-in Features
Heating Electric
Cooling Central Air, Wall/Window Unit(s)
Fireplace Yes

Exterior

Exterior Features Sidewalk
Roof Shingle
Foundation Block, Slab

School Information

Elementary Lake Silver Elem
Middle College Park Middle
High Edgewater High

Additional Information

Date Listed April 17th, 2024
Days on Market 32
Zoning R-2A/T
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentBailey Vick
OfficeV 3 RESIDENTIAL LLC

Listing Map

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