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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

1028 & 1030 FEDERAL, ORLANDO, FL 32805

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Multi Family 8 bedrooms - MORGANS ADD 01 for Sale

1028 & 1030 FEDERAL, ORLANDO, FL 32805

Asking Price$599,900

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  • Days on market:

    56 day(s)

  • Original Price:

    $599,900

  • Price per sqft:

    $213.64

  • Tax Legal Description:

    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

  • Tax Year:

    2023

  • Property Type:

    Multi Family

  • Parking:

    Common

  • Furnished Info:

    Unfurnished

  • Lease Term Remaining:

    >6 Months <12

  • Construction Type:

    Block

  • Roof:

    Shingle

  • Cooling Description:

    None

  • Heating Description:

    Space HeaterNone

  • Interior Features:

    Open Floorplan Primary Bedroom Main Floor

  • Exterior Features:

    Sidewalk

  • Special Listing Conditions:

    None

Description

$599,900 • eight bedroom(s) • living size area 2808 sqft

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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