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1028 Federal Street

Orlando, FL 32805
  • $599,900
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: O6263063
UPDATED: 74 min ago
$599,900
  • 8
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,808
    SQFT
  • $214
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1949
County:

School Ratings & Info

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.

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© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-13T20:47:02.907.
www.rgswfloridahomes.com/homes/158573193
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1028 Federal Street Orlando, FL 32805

  • Price: $599,900
  • Status: Active
  • On Site: 67 Days
  • Updated: 74 min ago
  • MLS #: O6263063
8
Beds
4
Baths
0
½ Baths
0.15
Acres
2,808
SQFT
$214
$/SQFT
1949
Built
Neighborhood:
Morgans Add 01
County:
Orange
Area:
Orlando/Washington Shores
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.
Exterior Features

Carport Yn No Construction Materials Block Direction Faces North Exterior Features Sidewalk Foundation Details Slab Pool Private Yn No Road Surface Type Asphalt Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances Electric Water HeaterRangeRefrigerator Building Area Total 2808 Cooling None Cooling YN No Fireplace Yn No Flooring Ceramic Tile Furnished Unfurnished Heating NoneSpace Heater Heating YN Yes Interior Features Open Floorplan Laundry Features None Levels One Rooms Primary Bedroom (Storage Closet) Living Room Kitchen (Storage Closet) Sewer Public Sewer Stories Total 1 Water Source Public

Property Features

Association Approval Required Yn No Association Yn No Cdd Yn No Flood Zone Code x Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN No Minimum Lease 7 Months Month To Month Or Weekly Yn Yes New Construction Yn No Ownership Fee Simple Pets Allowed Cats OKDogs OK Property Attached YN Yes Property Sub Type 1/2 Duplex Senior Community Yn No Special Listing Conditions None Tax Annual Amount 1451.21 Total Annual Fees 0 Total Monthly Fees 0 Utilities Public Yrs Of Owner Prior To Leasing Re No Zoning R-2B/T/PH


Listing information © 2025 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of LPT REALTY, LLC: 877-366-2213.



© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-13T20:47:02.907.
 
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