1028 & 1030 Federal STREET, Orlando, FL, 32805
8 beds
1949
2,808 sqft
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.
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Other
Units:
4
Subdivision:
MORGANS ADD 01
Garage:
Common
Heating:
None, Space Heater
Cooling:
None
Acreage:
0.3
Est. Taxes:
$3,137
Construction
Block
Utilities
Public, Sewer Available
Days on Market:
41
Pet Policy:
Cats OK, Dogs OK
Lease Term Type:
>6 Months <12
Min Lease Term:
7 Months
MLS #:
O6263043
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of LPT Realty Phone: 877-366-2213