2550 N ALAFAYA Trail 12205 Top Floor, Waterview from your Private Balcony, Minutes from UCF. This 2-bed, 2-bath condo is located in a well-established community, priced to reflect the TLC it needs, making it a smart pick for investors and value-minded buyers. With UCF's main campus just 11 minutes away, it's an ideal buy-and-hold for renting, and an equally strong fit for a first-time buyer wanting to upgrade to their own taste. Inside, a wood-burning fireplace anchors the living space, and the functional 2/2 layout gives you a clean canvas. The building backs up to Lake Rouse with a community boardwalk and dock overlooking the water. The low HOA covers water, trash, and sewer, plus two pools, a fitness center, and a clubhouse; the community was replumbed in 2024. Newer AC Compressor and Dryer. Minutes from Waterford Lakes Town Center, Research Parkway, Valencia College, SR-417, and plenty of shopping and dining. Whether you're growing your rental portfolio or looking for a project to make your own, Unit 12205 is worth a look.