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$539,900

Est. payment - /mo

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8 Beds

4 Baths

2,808 SqFt

Price Dropped by $35K

1028 & 1030 FEDERAL ST Orlando, FL 32805

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Bent Danholm

bent@maximrealtors.com +1(407) 288-0704

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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

Listed by LPT REALTY

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Bent Danholm

Broker | License ID: BK3590420

+1(407) 288-0704

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1028 & 1030 FEDERAL ST Orlando, FL 32805

Bent Danholm

Key Details

Location

Interior

Exterior

Building

Others

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1028 & 1030 FEDERAL ST