1030 & 1028 FEDERAL ST, ORLANDO, FL, 32805
$529,000
Residential Income
Bedrooms
8
Bathrooms
4
Living Area
2,808 Sqft
Lot Size
13,068 Sqft
** GREAT NEW PRICE ** Solid income property and the chance to add four doors to your portfolio for instant cash flow in an area that continues to see huge investment. Seller is looking to sell these two separate fee simple duplexes (each duplex has two units that are 2/1's, for a total of 4 units and 8 bedrooms / 4 baths). Each property is separately deeded but seller intends to sell them together for inherent value. Because they are deeded separately you WILL NOT be able to do a single conventional loan, but can do an investor-type portfolio loan, or better yet... make a cash offer! Three of the units have been rented in the $850 to $900 / mo range with all three leases on a month to month basis. The fourth unit was recently leased for $1100 per month and that tenant can exit with a 60 day notice if necessary. These units rent quickly and current rents are probably below market so great candidate for increased ROI. All units separately metered. Roofs were replaced in 2023 and 2024. Updated plumbing and electric. Windows and doors on most units have been recently replaced as well for insurability. Units are rented and sold without appliances. No central heat and air but tenants can install wall units. We are now priced to sell. Schedule your showing today. ** PLEASE do not disturb tenants! **
Property Details
Property Features Property Features
MLS ID: MFRO6263043 Year Built: 1949
Construction Materials: Block Cooling: None
Country: US County Or Parish: Orange
Exterior Features: Sidewalk Financial Data Source: Owner
Foundation Details: Slab Furnished: Unfurnished
Heating: None, Space Heater Laundry Features: Other
Lease Term: 6-12 Month Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional
Occupant Type: Tenant Parking Features: Common
Pets Allowed: Cats OK, Dogs OK Property Sub Type: Quadruplex
Property Type: Residential Income Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity, Sewer, Water
Utilities: Public, Sewer Available Water Source: Public
We love to hear from you