Listing Courtesy of: Mike Derenthal - LPT REALTY
877-366-2213
$599,900
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1028 & 1030 Federal Street Orlando, FL 32805
Fourplex
Residence
8
Beds
4
Baths
...
Bed/Bath
2,808
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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 v...alue. 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.
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MLS#
O6263043
Property Type
Fourplex
Bedrooms
8
Bathrooms
Year Built
1949
Square Feet
2,808
sq. ft
Stories
1.0
Sewer
Public Sewer
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