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!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $519 | $519 | $519 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,144 | $3,942 | $5,023 |
Total Monthly Payment | $4,754 | $4,552 | $5,633 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.