$539,900 for Sale
1028 & 1030 federal street , orlando, FL 32805
Beds 8 | Baths 4 | 2,808 Sqft | 0.30 Acres |
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Property Description
** 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! **
General Information
Sale Price: $539,900
Price/SqFt: $192
Status: Active
MLS#: O6263043
City: orlando
Post Office: orlando
County: Orange
Subdivision: morgans add 01
Acres: 0.3
Bedrooms:8
Bathrooms:4
House Size: 2,808 sq.ft.
Acreage: 0.3 est.
Year Built: 1949
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road: Asphalt
Garage: No
Construction: Block
Exterior Misc: Sidewalk
Basement: No
Foundation : Slab
Cooling: None
Heating: None, Space Heater
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $3,137
Legal Description: VAN M MORGANS 1ST ADDITION C/82 LOT 4 &N1/2 OF VAC ALLEY ON S PER 3558/1070 & 3595/140 plus VAN M MORGANS 1ST ADDITION C/82 LOT 5 &N1/2 OF VAC ALLEY ON S PER 3558/1070 & 3595/140

Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Mike Derenthal of LPT REALTY, Phone: 877-366-2213