15 days on rocket

1016 Alba Dr, Orlando, FL, 32804

$850,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,400 SqFt
$354/SqFt
Multi
Schools Nearby

Location

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1016 Alba Dr, Orlando$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage2 spaces
Year Built1951
HeatingElectric
CoolingCentral Air, Wall/Window Unit(s)
MLS #O6196926
Lot Size0.17 Acres
StatusActive

About 1016 Alba Dr

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.

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Living Area: 2,400 SqFt

Listing Office:

  • Office Name: V 3 RESIDENTIAL LLC
  • Office Phone: (407) 848-1663
  • Listing Agent: Bailey Vick

Interior Features

Interior Information:

  • Interior: Built-in Features

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Sidewalk

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Virtual/3D Tour

  • Virtual Tour: 1016 Alba Dr

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Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Orange County Virtual Franchise, Public District Grades 4-12
  • Edgewater High School, Public Magnet Grades 9-12
  • Robert E Lee Middle School, Public Magnet Grades 6-8
  • Lake Silver Elementary School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: From Edgewater Drive and Princeton St go south on Edgewater 1.1 miles, turn West on Alba Drive 0.3 miles, buildings are on the south side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $354/SqFt

Tax Information:

  • Annual Amount: $5,172
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Orlando, FL.

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Orlando, FL

City

Med. Sold Price

$381K

Med. Price/SqFt

$238

Avg. Days On Market

41

# of Sold Homes

937

1016 Alba Dr vs Orlando

15 DAYS ON ROCKET

-26 Days

$850,000

+$468.9K More

$354/SqFt

+$116 More

KEY TAKEAWAY

This property is $468.9K more than the Median Sold Price and $116/SqFt more than other homes in Orlando, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6196926

Listing Office:

  • Office Name: V 3 RESIDENTIAL LLC
  • Office Phone: (407) 848-1663
  • Listing Agent: Bailey Vick

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/18/2024, 5:19:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,172$322,141
2018$4,250$241,818
2017$3,840$209,094

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3376036
2
/10

  • Lake Silver Elementary School

  • 1500 Falcon Dr

  • 2.94 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-3376037
3
/10

  • Robert E Lee Middle School

  • 1201 Maury Rd

  • 1.98 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-3376038
7
/10

  • Orange County Virtual Franchise

  • 445 W Amelia St

  • 0.67 miles

  • Public District Grades 4-12

school-card-donut-3376039
4
/10

  • Edgewater High School

  • 3100 Edgewater Dr

  • 1.80 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,625. The majority of Orlando, FL residents have income between $100k-200k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Orange County›Orlando›32804›1016 Alba Dr

This home is located at 1016 Alba Dr in Orlando, FL and zip code 32804 in the College Park neighborhood. This 2,400 square foot home, which was built in 1951, sits on a 0.17 acre lot. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $850,000.

In April 2024 more than 156 listings in Orlando, FL were sold above the asking price. During the same period more than 208 listings were sold at asking price, while more than 573 were sold below. The inventory of homes for sale in Orlando, FL between March 2024 and April 2024 decreased by 0.6%. In April 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $381,094.

From Rocket Homes Real Estate and based on county public records data.

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