new - 4 days on rocket

1028 Federal St, Orlando, FL, 32805

$599,900

Home List Price

$7,124*

Closing Credit

4 Bedrooms
2 Full Baths
1,404 SqFt
$427/SqFt
Multi

Location

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1028 Federal St, Orlando$599,900

Buyer Closing Credits

$7,124*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1949
HeatingWindow Unit(s)
CoolingWall/Window Unit(s)
MLS #O6263063
Lot Size0.15 Acres
StatusActive

About 1028 Federal St

This listing is for two adjacent units, each one a two-unit duplex, so total number of units at this price is 4 units. This is a 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 duplex is separately deeded but seller intends to sell them together for inherent value. One rental unit currently vacant and undergoing some updates that Seller can complete prior to close or let new buyer complete. Two of the rental 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. Reference MLS# O6263043 found in Income properties search for more details re: financials and such.

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Stories: 1
  • Living Area: 1,404 SqFt

Listing Office:

  • Office Name: LPT REALTY
  • Office Phone: (877) 366-2213
  • Listing Agent: Mike Derenthal

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Range, Refrigerator
  • Flooring Type: Ceramic Tile
  • Interior: Open Floorplan

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Sidewalk

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Window Unit(s)
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: South on Westmoreland, past Amelia, then turn left (west) onto Federal Street, properties (1030 and 1028 Federal Street) on south side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,900
  • Price Per SqFt: $427/SqFt

Tax Information:

  • Annual Amount: $1,130
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Orlando, FL.

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Orlando, FL

City

Med. Sold Price

$393.9K

Med. Price/SqFt

$243

Avg. Days On Market

56

# of Sold Homes

571

1028 Federal St vs Orlando

4 DAYS ON ROCKET

-52 Days

$599,900

+$205.9K More

$427/SqFt

+$184 More

KEY TAKEAWAY

This property is $205.9K more than the Median Sold Price and $184/SqFt more than other homes in Orlando, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6263063

Listing Office:

  • Office Name: LPT REALTY
  • Office Phone: (877) 366-2213
  • Listing Agent: Mike Derenthal

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/11/2024, 6:19:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 16, 2004Home Sold
$83,500
Jun 17, 2004Home Sold
$335,000
Aug 08, 2000Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,130$75,488
2018$1,057$72,610
2017$867$50,406

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1774611
7
/10

  • Rock Lake Elementary School

  • 408 N Tampa Ave

  • 0.74 miles

  • Public District Grades PK-5

school-card-donut-1774612
9
/10

  • Orlando Science Elementary Charter

  • 2611 Technology Dr

  • 1.24 miles

  • Public Charter Grades KG-5

school-card-donut-1774613
6
/10

  • Orange Center Elementary School

  • 621 S Texas Ave

  • 1.31 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,000. Residents of Orlando, FL typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Orange County›Orlando›32805›1028 Federal St

This home is located at 1028 Federal St in Orlando, FL and zip code 32805 in the Callahan neighborhood. This 1,404 square foot home, which was built in 1949, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 07, 2024 and is currently priced at $599,900.

In November 2024 more than 79 listings in Orlando, FL were sold above the asking price. During the same period more than 118 listings were sold at asking price, while more than 374 were sold below. The number of listings in Orlando, FL increased by 1.2% between October 2024 and November 2024. In November 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $393,946.

From Rocket Homes Real Estate and based on county public records data.

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