Asking Price
$ 599,900Status
Active1028 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
$599,900Status
ActiveSimilar 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.