1028 FEDERAL ST Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32805
Key Details
Property Type Single Family Home
Sub Type Half Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,404 sqft
Price per Sqft $427
Subdivision Morgans Add 01
MLS Listing ID O6263063
Bedrooms 4
Full Baths 2
Year Built 1949
Annual Tax Amount $1,451
Lot Size 6,534 Sqft
New Construction false
Property 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.
Location
State FL
County Orange
Community Morgans Add 01
Zoning R-2B/T/PH
Interior
Heating None,Space Heater
Cooling None
Flooring Ceramic Tile
Laundry None
Exterior
Exterior Feature Sidewalk
Utilities Available Public
Roof Type Shingle
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Special Listing Condition None