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For sale
  • $145,000

    2507 N ALAFAYA TRAIL #10, ORLANDO, FL 32826

    2beds
    850sqft
    : 
    $1,279/mo
    Get pre-qualified
    Condominium
    Built in 1973
    -- sqft lot
    $137,800 Zestimate®
    $171/sqft
    $250/mo HOA

    What's special

    Ample natural lightBoth bedrooms offer flexibility
    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.
    149 days
    |
    468
    |
    30
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Veigle 407-399-0879,

    WATSON REALTY CORP 407-359-2300

    Source: Stellar MLS,MLS#: O6390224MLS LogoOriginating MLS: Orlando Regional

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Features: Built-in Closet
      • Level: First
      • Area: 136.24 Square Feet
      • Dimensions: 13.1x10.4
      Bedroom 2
      • Features: Built-in Closet
      • Level: First
      • Area: 129.69 Square Feet
      • Dimensions: 13.1x9.9
      Bathroom 1
      • Level: First
      • Area: 21.78 Square Feet
      • Dimensions: 5.3x4.11
      Dining room
      • Level: First
      • Area: 52.26 Square Feet
      • Dimensions: 6.7x7.8
      Kitchen
      • Level: First
      • Area: 67 Square Feet
      • Dimensions: 6.7x10
      Living room
      • Level: First
      • Area: 239.08 Square Feet
      • Dimensions: 13.9x17.2
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Range, Refrigerator
      • Laundry: Inside
      Features
      • Living Room/Dining Room Combo, Thermostat
      • Flooring: Ceramic Tile
      • Windows: Window Treatments
      • Has fireplace: No
      Interior area
      • Total structure area: 850
      • Total interior livable area: 850 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Enclosed, Rear Porch, Screened
      • Exterior features: Balcony, Sidewalk
      • Has view: Yes
      • View description: Tennis Court
      Lot
      • Size: 7,409 Square Feet
      • Features: In County, Sidewalk, Unincorporated
      Details
      • Parcel number: 152231937701010
      • Zoning: R-3
      • Special conditions: None

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Block, Stucco
      • Foundation: Block
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1973

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Pool
      • Pet fee: $0 monthly
      • Subdivision: WINDMILL POINT CONDO
      HOA
      • Has HOA: Yes
      • Services included: Community Pool, Maintenance Structure, Pool Maintenance
      • HOA fee: $250 monthly
      • HOA name: Windmill Point Condos - Barry Watson
      • HOA phone: 407-832-4142
      Location
      • Region: Orlando

      Financial & listing details

      • Price per square foot: $171/sqft
      • Tax assessed value: $127,500
      • Annual tax amount: $2,042
      • Date on market: 3/12/2026
      • Cumulative days on market: 150 days
      • Listing terms: Cash
      • Ownership: Condominium
      • Total actual rent: 14400
      • Road surface type: Paved, Asphalt

        Estimated market value

        $137,800

        $131,000 - $145,000

        $1,368/mo

        Price history

        DateEventPrice
        4/21/2026Listing removed$1,200$1/sqft
        Source: Zillow Rentals Report a problem
        4/14/2026Price change$1,200-7.7%$1/sqft
        Source: Zillow Rentals Report a problem
        3/30/2026Listed for rent$1,300+36.8%$2/sqft
        Source: Zillow Rentals Report a problem
        3/12/2026Listed for sale$145,000+51%$171/sqft
        Source: Stellar MLS #O6390224 Report a problem
        12/28/2018Listing removed$950$1/sqft
        Source: Watson - Oviedo Report a problem
        12/5/2018Price change$950-5%$1/sqft
        Source: Watson - Oviedo Report a problem
        10/25/2018Listed for rent$1,000+43.1%$1/sqft
        Source: Watson - Oviedo Report a problem
        9/6/2018Sold$96,000-10.6%$113/sqft
        Source: Public Record Report a problem
        7/9/2018Listed for sale$107,336-40%$126/sqft
        Source: FRONTLINE FLORIDA REALTY, INC. #S5003962 Report a problem
        11/21/2013Listing removed$699$1/sqft
        Source: FRONTLINE FLORIDA REALTY, INC. #S4719914 Report a problem
        11/12/2013Listed for rent$699+2.8%$1/sqft
        Source: FRONTLINE FLORIDA REALTY, INC. #S4719914 Report a problem
        11/15/2012Listing removed$680$1/sqft
        Source: Frontline Florida Realty #S4704344 Report a problem
        10/30/2012Price change$680-2.7%$1/sqft
        Source: Frontline Florida Realty #S4704344 Report a problem
        10/8/2012Listed for rent$699+3.6%$1/sqft
        Source: Frontline Florida Realty #S4704344 Report a problem
        8/5/2011Listing removed$675$1/sqft
        Source: Frontline Florida Realty Inc #S4685227 Report a problem
        5/21/2011Listed for rent$675$1/sqft
        Source: Frontline Florida Realty #S4685227 Report a problem
        1/8/2008Sold$179,000$211/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,861 +23.1%$107,580 +10%
        2023$1,512 +4.2%$97,800 +4.6%
        2022$1,451 +1.6%$93,500 +6.4%
        2021$1,428 +12.1%$87,890 +10%
        2020$1,274 -1.6%$79,900
        2019$1,295 +51.4%$79,900 +102.9%
        2018$855 $39,370 -31.9%
        2017$855 +12.7%$57,800 +13.3%
        2016$759 +9%$51,000 +11.1%
        2015$696 +12.9%$45,900 +5.3%
        2014$616 +17.2%$43,600 +21%
        2013$526 +33.9%$36,019 +62.1%
        2012$393 0%$22,223 +0.3%
        2011$393 +1.9%$22,147 -1.3%
        2010$385 $22,449 -78.6%
        2009-- $104,800 -20%
        2008$2,151 +5%$131,000 +4.8%
        2007$2,049 $125,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32826

        Getting around

        47 / 100
        Car-Dependent
        53 / 100
        Good Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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