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.
Property Details
- Interior
- Living Room/Dining Room Combo, Thermostat, Window Treatments
- Heating
- Central
- Cooling Features
- Central Air
- Bedrooms
- 2
- Bathrooms
- 1.0
- Full Baths
- 1
- View
- Tennis Court
- Lot Features
- In County, Sidewalk, Paved, Unincorporated
- Stories
- 2
- Lot Description
- In County, Sidewalk, Paved, Unincorporated
- Exterior Materials
- Balcony, Sidewalk
- Pool Shared
- 1
- Acres
- 0.17
- Square Feet
- 850.0
- Property Type
- Purchase
- Year Built
- 1973
- Foundation
- Block
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Cable Connected, Sewer Connected, Water Connected
- Appliances
- Dishwasher, Range, Refrigerator
- Subdivision
- WINDMILL POINT CONDO
- Community Features
- Pool
- County
- Orange
- Region
- ORLANDO
- Zoning
- R-3
- Original List Price
- $145,000
- Days on Market (Cumulative)
- 181
- Taxes Annual
- $2,042
- HOA
- 1
- Ownership
- Condominium
- MLS #
- O6390224
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty
Provided By
Listed by Tim Veigle (#MFR261210034)
Listing Office: WATSON REALTY CORP (#MFR51122C)
