1028 & 1030 FEDERAL ST Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32805
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $192
Subdivision Morgans Add 01
MLS Listing ID O6263043
Bedrooms 8
HOA Y/N No
Year Built 1949
Annual Tax Amount $3,137
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Quadruplex
Source Stellar MLS
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! **
Location
State FL
County Orange
Community Morgans Add 01
Area 32805 - Orlando/Washington Shores
Zoning R-2B/T/PH
Interior
Interior Features Open Floorplan,Primary Bedroom Main Floor
Heating None,Space Heater
Cooling None
Furnishings Unfurnished
Fireplace false
Laundry Other
Exterior
Exterior Feature Sidewalk
Parking Features Common
Utilities Available Public,Sewer Available
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Pets Allowed Cats OK,Dogs OK
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None