1. Florida
2. Orlando
3. 1028 FEDERAL STREET

1028 FEDERAL STREET, Orlando, FL 32805

• 4 beds |
• 2 baths |
• 1,404 sqft

Property Description

** GREAT NEW PRICE ** Solid income property and the chance to add a duplex to your portfolio for instant cash flow in an area that continues to see huge investment. Seller is looking to sell this duplex (which has two units that are 2/1's.) An immediately adjacent identical duplex can be purchased at the same price. Because each one is deeded separately you WILL NOT be able to do a single conventional loan on both duplexes, but can do an investor-type portfolio loan, or better yet... make a cash offer! These units are currently on month-to-month leases in the $850 to $900 / mo range, and owner recently rented another one of the 2/1's in adjacent buidling for $1100. These units rent quickly and current rents are probably below market so great candidate for increased ROI. All units separately metered. Roof replaced in 2023. Updated plumbing and electric. Windows and doors 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! **

Listing Status:

Active

Date Added:

December 7, 2024 at 06:00AM

Listing Office:

LPT REALTY : 877-366-2213

Listing Agent:

Mike Derenthal : 321-662-8014

MLS ID:

O6263063

Interior

• General: Open Floorplan
• Appliances: Electric Water HeaterRangeRefrigerator
• Laundry: None
• Flooring: Ceramic Tile
• A/C: None
• Heating: NoneSpace Heater

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Mike Derenthal, LPT REALTY