Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
1028 & 1030 Federal Street, ORLANDO, FL 32805
  • MLS#: O6263043 ( Residential Income )
  • Street Address: 1028 & 1030 Federal Street
  • Viewed: 30
  • Price: $599,900
  • Price sqft: $214
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 2808
  • Bedrooms: 8
  • Total Baths: 4
  • Days On Market: 73
  • Additional Information
  • Geolocation: 28.548 / -81.3947
  • County: ORANGE
  • City: ORLANDO
  • Zipcode: 32805
  • Subdivision: Morgans Add 01
  • Provided by: LPT REALTY
  • Contact: Mike Derenthal
  • 877-366-2213
  • mfrmls
  • DMCA Notice
  • Description
    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 value. 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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Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. None
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Sidewalk
Furnished
  1. Unfurnished
Garage Spaces
  1. 0.00
Heating
  1. None
  2. Space Heater
Interior Features
  1. Open Floorplan
  2. Primary Bedroom Main Floor
Legal Description
  1. VAN M MORGANS 1ST ADDITION C/82 LOT 4 &N1/2 OF VAC ALLEY ON S PER 3558/1070 & 3595/140 plus VAN M MORGANS 1ST ADDITION C/82 LOT 5 &N1/2 OF VAC ALLEY ON S PER 3558/1070 & 3595/140
Levels
  1. One
Living Area
  1. 2808.00
Area Major
  1. 32805 - Orlando/Washington Shores
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Parcel Number
  1. 27-22-29-5740-00-040
Parking Features
  1. Common
Pets Allowed
  1. Cats OK
  2. Dogs OK
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2023
Tenant Pays
  1. Electricity
  2. Sewer
  3. Water
Township
  1. 22
Utilities
  1. Public
  2. Sewer Available
Views
  1. 30
Water Source
  1. Public
Year Built
  1. 1949
Zoning Code
  1. R-2B/T/PH
Liked Listings
Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177