Listing Courtesy of: Mike Derenthal - LPT REALTY
877-366-2213
$599,900
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1028 Federal Street Orlando, FL 32805
Other
Residence
8
Beds
4
Baths
...
Bed/Bath
2,808
Sq. Ft.
Property Activity
Time on Site
days
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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 ren...table 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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MLS#
O6263063
Property Type
Other
Bedrooms
8
Bathrooms
4 Full
Year Built
1949
Square Feet
2,808
sq. ft
Lot Size
0.15
Stories
1.0
Sewer
Public Sewer
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