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Asking Price

$ 599,900

Status

Active

1028 Federal STREET

ORLANDO, FL,32805, MORGANS ADD 01

Overview

8 Bedrooms

4 Bathrooms

Garage

2,808 sqft

Year Built: 1949


School Nearby

Description

This listing is for two adjacent units, each one a two-unit duplex, so total number of units at this price is 4 units. This is a great income property and the chance to add four doors to your portfolio for instant cash flow. These two units are standalone, adjacent duplexes for a total of four rentable units, each with 2 bed / 1 bath. Each duplex is separately deeded but seller intends to sell them together for inherent value. One rental unit currently vacant and undergoing some updates that Seller can complete prior to close or let new buyer complete. Two of the rental units currently on month to month at below market rents of $800 / mo. The fourth unit has a lease in place until May of 2025 at a rent of $950. If all rents are moved up to market this property should be able to operate at a very desirable cap rate. All units separately metered. Roofs were replaced in 2023 and 2024. Windows and doors on most units have been recently replaced as well for insurability. Reference MLS# O6263043 found in Income properties search for more details re: financials and such.


Features

Status:   Active

Beds:    8

Baths:   4

Square Footage:   2,808 Sq. Ft

HOA Fee:   -

Property Type:   1/2 Duplex

MLS Number:   O6263063

Days on Market:   41

Year Built:   1949

Lot Size:  

County:   Orange

Taxes:   $1,451.00


Address

1028 Federal STREET , ORLANDO ,FL

Listing provided by: LPT REALTY, 877-366-2213

Asking Price

$599,900

Status

Active

Similar Properties

Based on information submitted to the MLS GRID as of 01/17/2025 12:56. 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.