Homes for sale - 1028 & 1030 FEDERAL ST, Orlando, FL 32805

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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

$599,900

Est. payment - /mo

8 Beds

4 Baths

2,808 SqFt

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UPDATED:

12/21/2024 03:11 AM

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

HOA Y/N No

Originating Board Stellar MLS

Year Built 1949

Annual Tax Amount $3,137

Lot Size 0.300 Acres

Acres 0.3

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

Interior Features Open Floorplan, Primary Bedroom Main Floor

Heating None, Space Heater

Cooling None

Furnishings Unfurnished

Fireplace false

Laundry Other

Exterior

Exterior Feature Sidewalk

Parking Features Common

Utilities Available Public, Sewer Available

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Cats OK, Dogs OK

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by LPT REALTY

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com

1028 & 1030 FEDERAL ST Orlando, FL 32805