$599,900 for Sale
1028 federal street , orlando, FL 32805
Beds 4 | Baths 2 | 1,404 Sqft | 0.15 Acres |
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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.
General Information
Sale Price: $599,900
Price/SqFt: $427
Status: Active
MLS#: O6263063
City: orlando
Post Office: orlando
County: Orange
Subdivision: morgans add 01
Acres: 0.15
Bedrooms:4
Bathrooms:2 (2 full, 0 half)
House Size: 1,404 sq.ft.
Acreage: 0.15 est.
Year Built: 1949
Property Type: 1/2 Duplex
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block
Exterior Misc: Sidewalk
Basement: No
Foundation : Slab
Appliances: Electric Water Heater, Range, Refrigerator
Cooling: Wall/Window Unit(s)
Heating: Wall Units / Window Unit
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $1,451
Legal Description: VAN M MORGANS 1ST ADDITION C/82 LOT 5 &N1/2 OF VAC ALLEY ON S PER 3558/1070 & 3595/140
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Mike Derenthal of LPT REALTY, Phone: 877-366-2213