Active

1028 FEDERAL ST

ORLANDO FL, 32805

$599,900


$427.28 per sqft

Active

4 Beds

2 Baths

1,404 sqft

Multi-family

Built in 1949

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.

O6263063

MLS ID

December 7, 2024

Listed

December 20, 2024

Updated

Map

1028 FEDERAL ST
ORLANDO FL, 32805

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Open Floorplan


Appliances

Electric Water Heater, Range, Refrigerator


Laundry Description

None


Floor Description

Ceramic Tile


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No


Heating Description

None, Space Heater

Exterior/Building Features

Lot Size

0.15 Acres


Exterior Features

Sidewalk


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

32805 - Orlando/Washington Shores


Taxes

$1,451


Tax Frequency

Annually


Days on Market

13


Association Fee Frequency

Monthly


Garage

No


View

No


County

Orange


Municipality

22


Water Source

Public


Pool

No


Zoning

R-2B/T/PH

Listed by LPT REALTY
Listing Contact: 877-366-2213 

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Data last updated 12/20/2024, 11:40 PM UTC

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