1028 Federal Street

ORLANDO, FL 32805

  • 8 Bed(s)
  • 4 Bath(s)
  • 2,808 Sqft
  • 0.15
    Acre(Lot)
$599,900

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.

  • Property Type

    Residential

  • Subdivision

    Morgans Add 01

  • County

    Orange

  • Style

    Residential

  • AD ID

    47964465

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Property Details

  • Bedroom Information

    • Total Bedroom: 8

    Bathroom Information

    • Total Baths: 4
    • Full Baths: 4

    Interior Features

    • Open Floorplan
    • Roof: Shingle
    • Appliances: Electric Water Heater, Range, Refrigerator
    • Laundry Features: None

    Roofing Information

    • Shingle

    Flooring Information

    • Flooring: Ceramic Tile
    • Construction Materials: Block

    Heating & Cooling

    • Heating: None, Space Heater
    • Cooling: None
    • WaterSource: Public

  • Building Information

    • Year Built: 1949

    Exterior Features

    • Sidewalk
    • Construction Materials: Block
    • Foundation Details: Slab
    • Road Responsibility: Public Maintained Road

  • Lot Information

    • Lot Square Feet: 6431
    • Lot Acres: 0.15

    Property Information

    • Property Type: Residential
    • Sub Type: Half Duplex

  • Listing Price Information

    • Original List Price: $599900

  • Tax Information

    • Annual Tax: $1451.21
    • Tax Year: 2023
    • Parcel Number: 27-22-29-5740-00-050

  • Utility Information

    • Public

    Location Information

    • Subdivision: MORGANS ADD 01
    • City: ORLANDO
    • Direction: South on Westmoreland, past Amelia, then turn left (west) onto Federal Street, properties (1030 and 1028 Federal Street) on south side of street.
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BuyOwner last updated this listing Sun Feb 09 2025

  • MLS: MFRO6263063
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)

is a Home, with 8 bedrooms which is for sale, it has 2,808 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.