1028 & 1030 FEDERAL ST new Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32805
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 Wall Units / Window Unit
Cooling Wall/Window Unit(s)
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