884 E Michigan Street, Orlando, FL 32806
- $1,615,000
- 4
- BD
- 2
- BA
- 3,258
- SqFt
- List Price
- $1,615,000
- Status
- Active
- Days on Market
- 0
- MLS#
- O6429402
- Property Style
- Single Family
- Year Built
- 1982
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 3,258
- Lot Size
- 24,572
- Acres
- 0.56
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Weidows Sub
- MLS Area Major
- Orlando/Delaney Park/Crystal Lake
Property Description
*Multiple Income Streams* Prime high-traffic East Michigan Street, plus the sale of the retail store includes 2 single family homes on Keystone Road. The corner lot location is over half-acre. The main building has served as a thrift outlet and can be adapted to numerous retail or service provider configurations and there are 2 standard garages, 3 bathrooms and 4 additional entrances and business or commercial parking spaces. Enhance your annual ROI with tens of thousands in *Passive Rental Income* from the 2 single family residences included in the purchase. Or get really creative by tearing down and re-zoning to 2 50-foot by 140-foot home sites, noting that new zoning has been proposed which would allow heights soaring 2 or 3 stories. *More Passive Income* via stacked billboards also included in this offering. Great location with multiple income stream potential - a unique investment opportunity that will likely not last long. This property is zoned for Blankner and Boone schools. Notice: Prospective buyers are not permitted to approach the Seller, management, tenants, or employees directly. All communications, requests for information, and property viewing arrangements must be coordinated through the Listing Broker. Seller Financing Option: No. See also: MLS#O6415078. Contact us today to schedule your visit.
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Additional Information
- Taxes
- $9566
- Minimum Lease
- 1-2 Years
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- C-1
- Interior Layout
- Other
- Interior Features
- Other
- Floor
- Other
- Appliances
- None
- Utilities
- BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Water Available, Water Connected
- Heating
- Other
- Air Conditioning
- Other
- Exterior Construction
- Block, Stucco
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Garage Carport
- 1 Car Carport
- Flood Zone Code
- X
- Parcel ID
- 01-23-29-9084-00-010
- Legal Description
- WEIDOWS SUB E/72 LOTS 1 THROUGH 4 (LESS N 25 FT OF LOT 1 FOR R/W)
Listing courtesy of JR REALTY GROUP LLC. 407-920-4624
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