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$574,900

Est. payment - /mo

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8 Beds

4 Baths

2,808 SqFt

Price Dropped by $25K

1028 & 1030 FEDERAL ST Orlando, FL 32805

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MAXIM LLC

maxim@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 $204

Subdivision Morgans Add 01

MLS Listing ID O6263043

Bedrooms 8

HOA Y/N No

Originating Board Stellar MLS

Year Built 1949

Annual Tax Amount $3,137

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Quadruplex

New Construction false

Property Description

** NEW PRICE ** 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.

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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MAXIM LLC

+1(407) 288-0704

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1028 & 1030 FEDERAL ST Orlando, FL 32805

MAXIM LLC

Key Details

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1028 & 1030 FEDERAL ST