1028 & 1030 FEDERAL ST Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32805
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $213
Subdivision Morgans Add 01
MLS Listing ID O6263043
Bedrooms 8
Year Built 1949
Annual Tax Amount $3,137
Lot Size 0.300 Acres
New Construction false
Property Description
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 property is separately deeded but seller intends to sell them together for inherent value. One unit currently vacant and undergoing some updates that Seller can complete prior to close or let new buyer complete. Two of the 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.
Location
State FL
County Orange
Community Morgans Add 01
Zoning R-2B/T/PH
Interior
Heating None,Space Heater
Cooling None
Laundry Other
Exterior
Exterior Feature Sidewalk
Parking Features Common
Utilities Available Public,Sewer Available
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None