1028 Federal Street, ORLANDO, FL 32805
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  • MLS#: O6263063 ( Residential )
  • Street Address: 1028 Federal Street
  • Viewed: 2
  • Price: $599,900
  • Price sqft: $427
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 1404
  • Bedrooms: 4
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 15
  • Additional Information
  • Geolocation: 28.5481 / -81.3946
  • County: ORANGE
  • City: ORLANDO
  • Zipcode: 32805
  • Subdivision: Morgans Add 01
  • Provided by: LPT REALTY
  • Contact: Mike Derenthal
  • 877-366-2213
  • mfrmls
  • DMCA Notice
  • 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Sidewalk
  • Flooring: Ceramic Tile
  • Living Area: 1404.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: None
  • Heating: None, Space Heater
  • Pets Allowed: Cats OK, Dogs OK
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Appliances: Electric Water Heater, Range, Refrigerator
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Open Floorplan
  • Legal Description: VAN M MORGANS 1ST ADDITION C/82 LOT 5 &N1/2 OF VAC ALLEY ON S PER 3558/1070 & 3595/140
  • Levels: One
  • Area Major: 32805 - Orlando/Washington Shores
  • Occupant Type: Tenant
  • Parcel Number: 27-22-29-5740-00-050
  • Zoning Code: R-2B/T/PH
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