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

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Mike Derenthal

mike@derenthalrealty.com +1(321) 662-8014

$ 599,900

Est. payment | -/mo

4 Beds

2 Baths

1,404 SqFt

Save

$ 599,900

Est. payment | -/mo

Save

4 Beds

2 Baths

1,404 SqFt

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

HOA Y/N No

Originating Board Stellar MLS

Year Built 1949

Annual Tax Amount $1,451

Lot Size 6,534 Sqft

Acres 0.15

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

Interior Features Open Floorplan

Heating None, Space Heater

Cooling None

Flooring Ceramic Tile

Furnishings Unfurnished

Fireplace false

Appliance Electric Water Heater, Range, Refrigerator

Laundry None

Exterior

Exterior Feature Sidewalk

Utilities Available Public

Roof Type Shingle

Garage false

Private Pool No

Building

Story 1

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

Special Listing Condition None

Listed by LPT REALTY

"I will try my best to follow up with you within one business day. If you would prefer a faster response, feel free to call or text me directly at my cell below. Thanks!"

+1(321) 662-8014

mike@derenthalrealty.com

11 S Bumby Ave, Orlando, FL, 32803, United States

1028 FEDERAL ST Orlando, FL 32805